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WHAT WE’RE WATCHING
RECESSION LESSONS - As anyone who’s ever made three easy payments of $29.99 for a kitchen knife set they saw on a late night infomercial can attest, sometimes you gotta learn the hard way (those things could not cut through a soda can). Despite the unsettling uncertainty of the current economic downturn, it seems a number of law firms are determined not to repeat the personnel mistakes they made during the last recession, such as hastily cutting headcount, freezing hiring and cancelling summer associate programs. Meanwhile, several other firms are looking to recreate past successes by taking the same aggressive and opportunistic approach to hiring today that they did a decade ago. In the latest edition of Law.com Trendspotter, we look at how law firms are applying Great Recession lessons to the COVID-19 pandemic.
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