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Big Law

As firm profits soar, some bracing for recession

According to Altman Weil’s 2019 Law Firms in Transition Survey, a “broad economic recession” was the top concern reported among survey respondents, beating out threats such as competition from larger or lower-priced firms and the rise of artificial intelligence.

A relatively mild threat assessment is not indicative of a lack of concern about a recession, legal strategists say. Rather, because of their experiences in the Great Recession, many firms believe they have positioned themselves to be more agile during another economic downturn.

Read the source article at Indiana Legal News

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