The Next Recession Is Almost Here, And Biglaw Firms Are Trying To Get Ready

Perhaps better business preparation is the key to avoiding large layoffs.

[I]t’s coming — and there’s a lot of work to be done.

The demand for restructuring and bankruptcy partners is as dynamic as it’s been in the last 25 years. Firms in the past waited until a wave hit to look for a lifeboat. Now, the sense that they need to have people in place before the storm hits is much more acute.

Jon Lindsey, founder of legal recruiting firm Major, Lindsey & Africa, commenting on the fact that law firms have cited growing their bankruptcy practices as their greatest priority, and that lateral movement in this area has reached a fever pitch that’s likely to peak in the next year.


Staci ZaretskyStaci Zaretsky is a senior editor at Above the Law, where she’s worked since 2011. She’d love to hear from you, so please feel free to email her with any tips, questions, comments, or critiques. You can follow her on Twitter or connect with her on LinkedIn.

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