With the economy failing, everyone is trying to see how this will impact their personal and professional lives. The legal system that this country has worked so hard to organize and formulate may not currently be at risk, but that doesn’t mean that the times won’t soon be changing. As the DOW plummeted today, many bloggers began focusing on what they plan to do in case something more serious comes of the current recession.
- “Americans are shaking in their shoes as the shaky economy lacks stability and a promising near future. Therefore, folks are closely holding onto the cash in their wallets, fearful of what may come. Jobs are being lost by the hundreds of thousands and that could equal disaster for many of us. As a result, law firms are feeling the snowball effects of this economic crisis.” – from Law Firms, Paychecks and the Economy, at Real Deal Docs
- “I was saving the post below for November’s “tip of the month.” But when I read The Boston Globe yesterday morning, I decided that it couldn’t wait. Maybe it was the page one headline “Worldwide Worry.” Or maybe it was the article that said, “All around the world, you can hear the squeal of businesses putting the brakes on expenses.”” – from The down economy, Part 7: A tip for legal marketers, at Legal Business Development
- “The Panic of 2008 and the $700 billion “bailout” are events of historic proportion. As one HospitalityLawyer, here’s my take.” – from The Panic of 2008. Financial Crisis impact on the Lodging Industry. Hospitality Lawyer’s take., at Hotel Law Blog
- “Here’s more proof that law firms are struggling in this economy: opportunities for mergers are lessening. When I think of the economy worsening, I think law firms that are teetering on the brink of going under would try to find another firm to merge with as a way to save costs, combine efforts, and attract or keep clients.” – from Slow economy, fewer mergers, at First Impressions
- “I have written extensively about how IRS settlements (i.e. Offers in Compromise) are hard to get. And there are many unscrupulous psuedo-professionals out there who are willing to lie to you and make you think you qualify for an IRS settlement when you clearly don’t. They clutter the landscape and make it difficult for taxpayers to know what to do.” – from Bad Economy Means Good Time to File IRS Offer In Compromise, at The Tax Lawyer’s Blog
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