By all accounts, the U.S. economy is roaring ahead, with hiring and wages up and the unemployment rate steady at a low 3.7 percent. If businesses are healthy, so too must be the law firms that represent them. After all, a rising tide lifts all boats — right?
It may not be as simple as that. An analysis of how Am Law 200 firms have performed during each of the past four economic cycles shows that every subsequent recession has had an increasingly weighty impact on law firm revenue and hiring growth.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
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]
