Seventy-six percent of chief legal officers believe a recession is coming in the next two years and that is impacting their overall budgets, according to the 2019 Chief Legal Officer Survey published by Altman Weil Inc. on Tuesday.

The author’s report, James Wilber, a principal at Altman Weil, said in an interview that this was the first year the survey included a question about the recession. He said it is too early to be a part of a trend; however, the decrease in outside counsel spend and hiring is an indicator of an oncoming recession.

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