With a dip in the economy and a potential credit crunch, some law firm leaders are predicting layoffs in what have been the most lucrative practice groups over the past four or so years: structured finance, real estate and corporate mergers and acquisitions. Others say an economic downturn is an opportunity for bankruptcy and litigation practices and corporate attorneys will just adapt. So could the effects of this economic downturn mean future layoffs of law firm associates? Well, it's a touchy topic.
September 03, 2007 at 12:00 AM
1 minute read
The original version of this story was published on National Law Journal
With this dip in the economy and a potential credit crunch, some law firm leaders are predicting layoffs in what have been the most lucrative practice groups over the past four or so years — structured finance, real estate and corporate mergers and acquisitions.
Others say an economic downturn is an opportunity for bankruptcy and litigation practices and corporate attorneys will just adapt.
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