When the shutdowns happened last year, there was concern that we were headed for an economic meltdown akin to the Great Recession, and that it would be a terrible year for firms. As you’ve probably seen, from bank reports, surveys, and some of the initial reporting on large firm financials, many law firms had a very strong year in 2020.
If you had told law firm leaders that would be the case in March or April of last year, they probably would have thought you were nuts. But even as early as last summer, as I talked to consultants and asked how firms were doing, they largely said that most firms were doing well and hitting their budgets—and were a bit surprised by that.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]