The insolvency market is saturated in Singapore.
Even if the no of insolvency cases go up, there’s a finite no of lawyers the market can absorb or support. In the 2008 GFC, lawyers from magic circles were let off in large troves.

Things like debt collection, the paralegals can already handle.

Let’s just confine the discussion to prospect for NQ-3 PQE associates.
This group do not have a book of business and are extremely susceptible to market fluctuations.