2013 was a year of two halves for the legal profession. The first half of the year firms had it rough, and indeed some did not make it through the whole year as a result. The second half was much more positive overall; deal volumes were up, especially in the real estate market in which I largely operate. Lending has returned partially from banks but also from alternative sources.
However, regardless of how much improved things are or indeed how much more they might improve, there is one thing that is not going to change – the demands for greater price certainty from clients.
