SHARE:
Economic Outlook 2009
CEO Survey results - 2008 Performance
Overall, is your organization on track to reach or exceed revenue goals set for 2008, or do you expect to fall short of your goal? | |||
2008 | 2007 | Change from 2007 (% pts.) |
|
Meet or exceed goal | 51% | 68% | -16.8 |
Expect to fall short | 48 | 30 | +17.5 |
Don’t know/not sure | 1 | 2 | -0.7 |
Michael Minton
Dean Mead
President
Orlando
The legal industry is experiencing a shake-out of sorts. Law firms that were heavily dependent on a few large development-related clients or those that serviced the development industry are seeing a significant downturn. Thankfully, our practice is much more stable because it is focused on the long-term, generational evolution of Florida-owned family businesses which are the often overlooked, but in times like these, the absolutely essential backbone of our economy. We have been very proactive with our clients to assist them in addressing their credit needs and in overcoming the various mini-crises that naturally spin off from the credit crunch. We are also helping our clients identify cost-cutting and revenue-enhancing opportunities. We believe by adding value to our clients’ businesses, we are viewed as a complementary aspect of good management rather than a “necessary evil” as some businesses might characterize their attorneys.
CEO Survey results - 2009 Forecast
What is your forecast for your organization’s performance in 2009? | |||
2008 | 2007 | Change from 2007 (% pts.) |
|
Better than 2008 | 45% | 57% | -11.9 |
About the same as 2008 | 37 | 35 | +2.0 |
Worse than 2008 | 18 | 7 | +10.5 |
Don’t know/not sure | 0 | 1 | -0.6 |