Predictions for 2006 and What they Mean

The Legal Times has offered some predictions for 2006: Mergers mania will continue and New York and DC will remain very important markets for firms trying to create a national footprint; salaries will continue to increase as competition for hot talent heats up; billing rates will start to flatten out as corporation try to reign in costs; firms will look for ways to control their own costs; and client relations will be more important than ever as companies consolidate the number of firms they use.

So what are the career implications? Make sure to cultivate relationships outside your firm. Developing your own clients is the only career protection you can count on.

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