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Signs of These Economic Times: A Roundup

Here's a quick roundup of some of the signs of these economic times for lawyers:

-- Homeowners' association dues are drying up as more homes go into foreclosure, according to a survey by Ft. Lauderdale law firm Becker & Poliakoff. [Tampa Bay Business Journal]

-- Haggling is back in style, as consumers are more likely to challenge or dispute bills they perceive as too high -- and lawyers aren't immune from the trend. [Richmond BizSense]

-- Small law firms are cutting salaries to weather the recession and, hopefully, avoid cutting lawyers instead. [Chicago Tribune]

-- And finally, at least one legal services provider is doing well. Pre-Paid Legal Servinces Inc. reported a 2 percent increase in membership revenue and a net income increase of 26 percent. [TradingMarkets.com]

Posted by Carolyn Elefant on February 24, 2009 at 04:14 PM | Permalink | Comments (2)

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