Quote:
Originally Posted by Unregistered
Mind explaining how grim the situation is in detail pertaining to corporate law? Yes, we have heard enough about the grim economic outlook and the oversupply of graduates even across many other industries. I myself have not felt the direct impact of the economy yet; was expecting a pay cut for myself but no news about that so far.
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The situation is grim yes, but whether it impacts you really depends on your firm, its size, your area of practice, etc.
Speaking as a big 4 assoc in a tier 1 corporate department, my dept has felt 0 slowdown in work since covid till now. As a dept, billables are better this year than last year at the same time.
However, I also know that small - medium firms are getting decimated. So, it really depends. But nobody can dispute that the economy, or the legal industry as a whole, is not doing well.