What Do "They" Know? Reuters Q2 Report on Law Firms and More

 Sensationalism sells. Or, does it? 

The Reuters Q2 financial index report on law firms has the meme Eye of the Hurricane. But I have a hunch its influence - and that's what survival is all about these days - is limited. 

The supposed grim warning is about the uncertainty in the law-firm sector. What's driving that, notes Reuters, are the old suspects:

Possibility of recession

Rising expenses

Shifting client attitudes. 

Also, throw in that M&A is still not where it had been expected to be in the Trump administration. We all know about wild card Generative AI.

So?

It's unlikely that this documentation of factors has Kirkland & Ellis, Paul Weiss and Skadden scheduling emergency meetings to reflect on any eye of the hurricane. Right now they are still the go-tos for high-stake matters by the heads of legal departments in businesses who don't want to risk being fired. Still embedded in the system is the job-saving ritual of saying, "We hired K&E, PW or Skadden." 

Could that change? Anything can change. But uncertainty is in Big Law's favor currently. Businesses have enough to factor in without going with a unknown entity for legal representation. 

In my coaching, I hammer: Retrieve and interpret your own data points. Don't depend on "what they say, even if the they are experts." No one knows. Maybe no one ever knew. How many spotted the rot in the Jack Welch model for leading GE back then? 

Thrown off your game, maybe the first time since you started working? You made all the right moves and then the world moved in another direction.

Intuitive Coaching. Special expertise with transitions, reskilling and aging. Psychic/tarot readings, upon request. Complimentary consultation with Jane Genova (Text 203-468-8579, janegenova374@gmail.com). Yes, test out the chemistry. There’s no risk.


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