Everything has changed, everything is the same
In times of great uncertainty and jarring upheaval, it pays to remember what you can still be certain of. So, let’s for a moment assume – and it is a big assumption – that the credit crunch has entered its closing chapter after the dramatic announcement in recent days of widespread government intervention. The credit market will still be strained for months and debt will be harder to come by than during the binge years of 2006-07. But charting the beginning of the end of the remarkable 15-month period for global markets would take the unknowable uncertainty of market collapse off the table. That obviously is a big positive, but what does that leave law firms facing?
