Ups and Downs - How the Recession Has Hurt — and Helped — the Legal Industry

October 12, 2009


The Great Recession has impacted virtually every sector of the economy, and the legal profession is certainly no exception. Overall, business is down for many as companies and individuals put off all-but essential legal matters until the economy improves. But some specialties have actually benefited from the downturn. These include bankruptcy and employment law, but also real estate, which has picked up lately thanks in large part to a spate of refinancing and first-time homebuyers taking advantage of an $8,000 tax credit. ...

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by: George O'Brien

October 12, 2009

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