You may also like these news :
How Law Firms Can Stay Afloat When a Recession Strikes
The latest data suggests that a recession may soon be upon us, leaving both law firms and clients seeking safe harbor in which to moor. Law firms, particularly those whose revenues are closely tied to Wall Street, may find themselves wondering about the best way to weather -- and even profit from -- the storm. Richard Epling, a restructuring and insolvency attorney at Pillsbury, suggests law firms ask themselves the same questions he asks his clients facing a serious liquidity squeeze.