When a Recession Hits, Lawyers Plan to Have Legal Tech in Their Arsenal
Outside and in-house counsel see legal tech as a dependable ally in delivering proven efficiency during the throes of a recession.
November 04, 2019 at 07:00 AM
9 minute read
Credit: Mediaparts/Shutterstock.com
This article first appeared as "Legal Tech's First Recession Test" in the November editions of Corporate Counsel and The American Lawyer magazine.
With some economists forecasting a global recession is imminent, corporate legal departments and law firms may be having flashbacks to the Great Recession of 2007-2009 that slashed thousands of in-house and outside counsel jobs.
However, unlike 10 years ago, many in legal are now leveraging more advanced legal technology for their day-to-day practice. How will such modern tools change the situation this time around?
NOT FOR REPRINT
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Law Firms Mentioned
Trending Stories
- 1BD Settles Thousands of Bard Hernia Mesh Lawsuits
- 2First Lawsuit Filed Alleging Contraceptive Depo-Provera Caused Brain Tumor
- 3The Law Firm Disrupted: For Big Law Names, Shorter is Sweeter
- 4The Growing Tension—And Opportunity—in Big Law Nonequity Tiers
- 5The 'Biden Effect' on Senior Attorneys: Should I Stay or Should I Go?
Featured Firms
Law Offices of Gary Martin Hays & Associates, P.C.
(470) 294-1674
Law Offices of Mark E. Salomone
(857) 444-6468
Smith & Hassler
(713) 739-1250
