The pace of economic growth has slowed significantly since the start of 2011 and the slowdown is expected to continue into the start of 2012, according to a survey of CEOs of small-to-medium-sized businesses. The Vistage CEO Confidence Index was 92.9 in the Q2 2011 survey, substantially below the 105.2 posted in Q1, and erasing all the gains recorded since 93.7 was registered in Q1 2010. Though declines were present in every major survey component, the largest losses were in evaluations of the overall economy. Rather than expecting a renewed economic downturn, the majority of CEOs anticipated a stagnating economy: growth too slow to support robust gains in employment or investment, and resulting in lower revenue and profit levels than previously forecast. Half of all firms put planned investments on hold due to the slowdown in economic growth.
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As the economy regains momentum, it’s not a return to business as usual in the legal field. A just-released industry report from Robert Half Legal outlines how strategies developed during the downturn are now guiding the business and customer relationship management models for law firms and corporate legal departments.
The report, Best Practices for a New Era in the Legal Profession, is part of Robert Half Legal’s eleventh annual Future Law Office project, which also includes video interviews with leaders in the legal field, and is available at www.futurelawoffice.com.
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Business optimism is rising, according to a recent study. Ninety-two percent of executives interviewed for The Robert Half Professional Employment Report (http://www.roberthalf.us/per) said they are confident in their firms’ growth prospects in the third quarter of 2011; 44 percent said they are very confident. This compares with 86 percent who expressed confidence in the second-quarter survey.
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Designing without 3D -CAD? That was yesterday. The calculation and simulation of computer models are now standard for even the smallest engineering firms. Meanwhile, the next stage of development has begun. Now the physical properties of various materials, the reaction of a module to certain influences, as well as the functioning of the entire system are also virtually modeled.
