Optimism is in the air.
The markets are up for the week, factories are stepping up their output, and earnings reports this week — including at Silicon Valley heavyweights like Google and Intel — have been strong. The Wall Street Journal even reports the tech sector is kicking into hiring mode as the economic recovery takes hold.
And partner Mike Rhodes sounded cheerful — if still cautious — today about the outlook for the 300 lawyer litigation group he heads at Cooley.
“In terms of hours, people are working a lot harder than a year ago,” he said over the telephone from San Francisco. Litigation hours are up about 10 percent nationwide, and even more — 15 percent — in the Bay Area, he estimated.