Leaders of the top 200 firms are very optimistic about 2006. According to the Amercian Lawyer 89% feel this way. Litigation is expected to remain the number one practice area. Other interesting statistics are cited as well.
Like other members of the bar, I enjoy reading the results of these surveys. But query how useful are they? If you are having a bad year, does it help to know that other firms are feeling optimistic? If you are having a good year, maybe you feel more comfortable with lateral hiring knowing that other firms are experiencing the same optimism. Anyway, it makes for good cocktail chat.