And these children that you spit on
As they try to change their worlds
Are immune to your consultations
They’re quite aware of what they’re going through
Ch-ch-ch-ch-ChangesDavid Bowie, Changes
One thing we can all agree on is that there is never a dull moment when it comes to the economy and the business of law.
More layoffs, depressed revenue and profit reports abound, and they are coming from the gold standard of firms, such as Cravath, Latham, and Orrick (and it’s only Tuesday!!).
For those of us who are lucky to still be in the trenches with a job, you can feel the tension, either with your colleagues at other firms, or perhaps even those down the halls.
Yet with all the uncertainty there is one thing certain: The status quo of the business of law will change. The AmLaw 100 will look different in a year’s time.
Change is not necessarily a bad thing. I hate to go all “Pollyanna” on you, but I do believe that, in the not too distant future, we will reflect on the recession of 2008-2010 and see how it was the catalyst for the changes that lead to a better way of carrying out the business of law.