National and global economic indicators haven’t looked good: The International Monetary Fund downgraded its global economic outlook, retail spending stalled, core inflation hit a four-decade peak, and the Federal Reserve signaled no end in sight for high interest rates while labor markets remain tight, prompting President Biden to dismiss recessionary fears to CNN while admitting a “very slight” recession was “possible.”

However, the storm clouds brewing in the global economy don’t look as threatening to midsize law firm leaders planning for the future in markets that continue welcoming new residents and businesses from other regions.

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