Extract from Meghan Tribe’s article “Struggling Law Firms May Face Dissolution Risk in Recession”
LeClairRyan recently joined the ranks of major law firms that have shut their doors over the last decade, a group that could grow in number if a predicted economic downturn arrives and catches firms unprepared.
While law firms can and have gone bust for a multitude of reasons, the looming economic downturn will have law firms of all sizes reflecting on their future.
