Followers

Tuesday, 14 June 2011

Economys affect on jobs

Job opportunities often are adversely affected by cyclical swings in the economy. During recessions, demand declines for some discretionary legal services, such as planning estates, drafting wills, and handling real estate transactions. Also, corporations are less likely to litigate cases when declining sales and profits restrict their budgets. Some corporations and law firms will not hire new attorneys until business improves, and these establishments may even cut staff to contain costs. Several factors, however, mitigate the overall impact of recessions on lawyers; during recessions, for example, individuals and corporations face other legal problems, such as bankruptcies, foreclosures, and divorces—all requiring legal action.

"People are getting smarter nowadays; they are letting lawyers, instead of their conscience, be their guide."
- Will Rogers

33 comments:

  1. I have a friend who drafts wills for rich old folks, he was uneffected by the recession.

    ReplyDelete
  2. Lawyers are an integral part of society, good or bad.

    ReplyDelete
  3. damn that quote really does some it up, never let somebody else take complete control !

    ReplyDelete
  4. That quote is funny. But so true.

    ReplyDelete
  5. Nice quote. Yeah we can't live with or without Lawyers!

    ReplyDelete
  6. Will rogers is an inspiration to all us young aspiring lawyers... as is your blog as a source of factual relevent information on the subject!

    ReplyDelete
  7. if i had legal trouble i'd definitely rather listen to my lawyer than my conscience :p

    ReplyDelete
  8. debt is the path to the dark side
    bankruptcy leads to foreclosure
    foreclosure leads to divorce
    divorce leads to suffering

    ReplyDelete
  9. Would there be a greater demand for lawyers to fight bogus unemployment benefit cases?

    ReplyDelete
  10. When times are bad, the lawyers are doing good.

    ReplyDelete
  11. Recessions hurt, everybody gets affected one way or another.

    ReplyDelete
  12. I've heard they now have computers doing some tasks ... like discovery.

    ReplyDelete
  13. no body says it better than will rogers!!

    ReplyDelete
  14. Lawyers are like the mages, that's why everyone goes to them for advice :D

    ReplyDelete
  15. Is it always smarter to listen to lawyers? I'm not so sure man :)

    ReplyDelete
  16. It's a lot more recession-proof than other professions I guess! Other than, say, morticians. And accountants.

    ReplyDelete
  17. Its a shame the econmomy has to effect peoples livelihoods so much

    ReplyDelete
  18. Will Rogers has a gift with words haha

    ReplyDelete
  19. im pretty sure its the opposite, were getting dumber

    ReplyDelete
  20. No money, no job, no marriage

    ReplyDelete
  21. Love the quote! it's true as well

    ReplyDelete