Inside Track: Challenging Times Loom for Legal Chiefs, Even If US Sidesteps Recession
Whatever happens with the economy, companies are preparing for the worst, including laying the groundwork or pulling the trigger on widespread layoffs. And that means lots of new challenges for legal chiefs.
Corporate executives are confused about where the economy is headed.
But because they don't want to get caught flat-footed, they're pulling the trigger on job cuts.
The new environment will require different skills from legal chiefs.
Welcome to Inside Track, a briefing from Law.com’s Greg Andrews providing insights that help in-house counsel navigate their rapidly changing world. Have an opinion? Email me here. Want to be alerted to this dispatch in your inbox every Thursday? Sign up here.
Attorneys didn’t get into the profession to spend their days obsessing over containing and reducing costs. But that’s the reality many legal department leaders find themselves in. And with fears of a recession looming, it’s only going to get worse.
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