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“Last year you told me law firms would be okay through the recession. I thought you were mad but maybe you had a point.” So said a partner with a New York law firm recently, pointing out an offhand comment I apparently made. Whether it was right is debatable, but the quote is a measure of how rattled some lawyers were last year as the recession bore down on the profession – it’s supposed to be the journalists dishing out the apocalyptic doom-mongering, not the industry veterans.

 

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