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Law Firm Intelligence: Researching the Economy

By Shannon Sankstone

In recent months, headlines have been dominated by bleak economic news. Credit markets are nearly frozen, the Dow is seemingly at a new low every day and companies ' and law firms ' are announcing mass lay-offs. As the situation unfolds, law firm managers are understandably concerned about the future and are tasking researchers with locating and analyzing economic information to help them better understand the challenging business environment.

Although few CI professionals can claim the lofty title of economist, they can be of assistance in contextualizing the effects of recent economic events and situating their firms within the larger economy. With the right tools at their disposal, the researcher may be able to provide trending information and possibly revenue forecasts. At the very least, CI pros can evaluate their firms' position and highlight areas for further consideration.

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