The nation's leading law firms say a "climate of caution" in the wake of the Hayne royal commission could put the brakes on a period of stellar growth in revenue and profit.
The July edition of The Australian Financial Review's Law Partnership Survey indicates the cumulative effect of increased pressure on corporate legal budgets and fears about an end to 27 years of uninterrupted economic growth are starting to bite.
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Michael Pelly was The Australian Financial Review’s legal editor
Edmund Tadros leads our coverage of the professional services sector. He is based in our Sydney newsroom. Email Edmund at edmundtadros@afr.com.au
