It used to be that in-house lawyers were largely spared from the chopping block when their companies engaged in widespread layoffs. But when attendees at a chief legal officer conference were asked Wednesday to raise their hands if they still found that to be true, nobody budged.

The pervading theme of the 2012 Chief Legal Officer Leadership Forum event, part of the Argyle Executive Forum at the New York Athletic Club in Manhattan, was that in-house lawyers are increasingly expected to be business-savvy, too.