How Law Firms Are Preparing For The Next Recession

Law360 (November 16, 2018, 1:52 PM EST) -- The last major U.S. recession struck the legal industry a decade ago, obliterating some law firms and putting a large number of lawyers out of work.

Some savvy firms are taking steps now while the economy is still in growth mode to position themselves not only to survive, but also to thrive when the next big economic downturn hits. And many firms are actually better prepared today than they were a decade ago because of those efforts as well as lessons they learned during the last recession, according to Wells Fargo law firm group's Joe Mendola.

"Without question the industry is...

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