Two months, it turns out, is a long time. For most law firms, 2020 looked as though it was going to be a banner year. Whispers could be heard that a recession was inevitable, though probably not for a while.
Markets felt robust. Besides a prescient few whose warnings fell on deaf ears, that the world was ill- equipped to deal with a global pandemic, who would have thought that a crisis of this magnitude would be triggered by a ‘flu-like virus? One cannot yet assess what the economic impact will be on countries and economies, far less on individual law firms and their clients. Sudden economic stops like these are unprecedented in the modern developed world.
Continue Reading Above all, this crisis too will pass