Lawyers and Advisers Agree: White-Knuckle The Falling Stock Market This Year

With the stock market down so far this year, is it a surprise that lawyers' financial strategy is to keep working through 2016? In a recent survey conducted across ALM’s legal news websites for about three days, 170 respondents out of more than 200 said they would work longer or stay the course to stave off investment pinches. The approach dovetails with the culture at many law practices, where seniority means more power and business. Nearly every stock index has fallen this year since Jan. 1, with the exception of some Latin American markets, so law firm partners across the U.S. this week asserted that their plans to stay in the workforce have not wavered.

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