When a Recession Hits, Lawyers Plan to Have Legal Tech in Their Arsenal
Outside and in-house counsel see legal tech as a dependable ally in delivering proven efficiency during the throes of a recession.
November 04, 2019 at 07:00 AM
9 minute read
Credit: Mediaparts/Shutterstock.com
This article first appeared as "Legal Tech's First Recession Test" in the November editions of Corporate Counsel and The American Lawyer magazine.
With some economists forecasting a global recession is imminent, corporate legal departments and law firms may be having flashbacks to the Great Recession of 2007-2009 that slashed thousands of in-house and outside counsel jobs.
However, unlike 10 years ago, many in legal are now leveraging more advanced legal technology for their day-to-day practice. How will such modern tools change the situation this time around?
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