Top So Cal Law Firms
Jun. 24, 2009
Recession's Legacy: Lasting Change
The economic downturn has served as a catalyst for changes to the structure of the law firm and the legal business as a whole. But will the changes last? And what will law firms look like after the dust of the downturn settles? The picture is slowly coming into focus.
By Rebecca U. Cho
Daily Journal Staff Writer Analysts have worked themselves into a frenzy in the past year dissecting the magnitude of the economic downturn from a number of different angles, from stock market dips to escalating unemployment rates. But one may say that simply observing how quickly law firms, the perpetual laggards of change, reacted so quickly to the economic recession was reason enough for alarm. Changes emerging from the dow...
Daily Journal Staff Writer Analysts have worked themselves into a frenzy in the past year dissecting the magnitude of the economic downturn from a number of different angles, from stock market dips to escalating unemployment rates. But one may say that simply observing how quickly law firms, the perpetual laggards of change, reacted so quickly to the economic recession was reason enough for alarm. Changes emerging from the dow...
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