Md. Lawyers Survey Shows More Optimism in Future Investments

Source: The Daily Record

By Anamika Roy, The Daily Record

Optimism among Maryland attorneys is increasing ever so slightly as more respondents to The Daily Record’s quarterly Maryland Lawyers Confidence Index survey said they were likely to make additional investments in infrastructure, technology and support staff in the next three months.

The index, which gauges the overall optimism or pessimism of respondents about the economic prospects of their practice and the overall economy, produced an overall score of 2 on a scale of -100 to 100, with positive numbers reflecting optimism. That’s up from -1 in the first quarter.

On the whole, there were no large material changes between the first and second quarters from respondents– most of whom are solo practitioners or work at small firms – in their attitudes toward their own firms and the industry as a whole.

“When law firms are making investments, they’re being very careful and thoughtful about the people they’re bringing in,” said Randi S. Lewis, a recruiter with Major, Lindsey & Africa who specializes in recruiting and placing law firm partners and associates in the Baltimore market.

Business litigation across the state has been slow and most of the hiring on litigation side has been in products liability and employment law, Lewis added.

 

Read more of this article in The Daily Record

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