What Recession? Most In-House Counsel Aren't Worried About Losing Their Jobs
The Association of Corporate Counsel's latest and final flash survey on COVID-19's impact on the in-house world shows that the majority of respondents are confident about job security and expect to avoid pay cuts.
August 18, 2020 at 01:16 PM
3 minute read
A surprising number of in-house counsel feel insulated from the job losses that have occurred as a result of the global COVID-19 pandemic and related financial crisis, according to a new survey from the Association of Corporate Counsel.
Half of the 487 ACC members who participated in an online poll from Aug. 4 to Aug. 10 weren't worried about losing their jobs, 26% reported that they were only "a little" anxious, and about 15% were somewhat distressed about their job security.
Meanwhile, 6% were worrying a "great deal" about joining the ranks of the unemployed, and 2% said they'd already lost their jobs. Only 17% said they were looking for a new job.
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