Specter Of Recession Looms Large For Law Firms

Law360, New York (December 21, 2007, 12:00 AM EST) -- As the economy seems poised on the brink of a downturn, and the lingering credit crunch threatens to put the kibosh on new-year cheer, some are starting to wonder how lawyers will fare in a tough economy, and if the industry really is ready to weather a possible recession.

“I think law firms have historically proven to be recession-resistant, not recession-proof,” cautioned Danilo DiPietro, client head of the law firm group at Citi Private Bank.

As 2007 drew to a close, Wall Street analysts spent countless...
To view the full article, register now.

Law360 UK

UK Financial Services

Read Our Latest UK Legal News & Analysis

Financial Services Law360 UK and Insurance Law360 UK provide breaking news and in-depth analysis on U.K. and European Union regulation, enforcement, legislation, and litigation involving banks, investment firms, insurers, and more.