Jockeying for next downturn; firms and lawyers are employing various strategies to prepare for a rise in business bankruptcies
Article Abstract:
Commercial bankruptcy filings in certain sectors of the economy, most notably the oil and gas industry, are increasing and this is good news for bankruptcy lawyers. Most distressed are the utilities and retail sectors, but anything commodity-based is having a problem. The year 1999 could also see a softening of the real estate industry. As many as 32 bankruptcy lawyers have switched firms in Jan 1999 to position themselves better for the expected increase in bankruptcy filings.
Publication Name: The National Law Journal
Subject: Law
ISSN: 0162-7325
Year: 1999
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Big-firm hiring freeze coming? Market slump creates caution about new hires
Article Abstract:
The general economic anxiety due to a slump in the Dow Jones Average and in initial public offerings has led to caution about law firm and corporate legal department hiring. Layoffs and downsizing are not occurring yet, but law firm managers expect a less lateral hiring if the economic slowdown continues. The hiring slowdown could show up most of all in large law firms.
Publication Name: The National Law Journal
Subject: Law
ISSN: 0162-7325
Year: 1998
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