Understanding Severance Packages: What Clients Need to Know With the increasing likelihood of layoffs due to the predicted rise in the jobless rate to 7% this year, severance payouts may become more common. Clients need to know what constitutes a good severance package, when to reject an offer and negotiate, and how to adjust their financial plan. Julie Petrera, the senior strategist at Edward Jones in Toronto, says her firm is... (4 views)
Shield Your Legal Career During Economic Downturns: Strategies for Attorneys Economic recessions can significantly impact many industries, including the legal field. Attorneys may face job insecurity, reduced income, and fewer opportunities for advancement. However, there are ways to protect your legal career during economic downturns and ensure long-term stability and success. Here are some strategies to consider. (26 views)
Impact of Remote Work and Recessions on the Legal Industry The legal market is undergoing significant changes due to the COVID-19 pandemic and the current economic recession. The shift to remote work has resulted in an increased demand for technology and cyber security services, changes in how law firms operate, new freelance and contract work opportunities, and potential long-term changes in office culture and legal practice. The... (24 views)
Impact of Recessions on Attorney Salaries and Bonuses During recessions, attorney salaries and bonuses may be impacted by reduced demand for legal services and cost-cutting measures implemented by law firms. The impact may vary depending on the type of law firm, lawyer experience, and location. Some top law firms may still offer competitive compensation packages to retain talent. The impact of recessions on attorney salaries... (44 views)
Updated In-House Counsel’s Salary Guide Summary: This article discusses the salary of in-house counsel in different companies. (1327 views)