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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
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29 comments:

  1. Jack of Diamonds14 June 2011 at 03:47

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

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  2. The Angry Lurker14 June 2011 at 03:48

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

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  3. Speedy Ed14 June 2011 at 03:55

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

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  4. HiFi14 June 2011 at 04:51

    That quote is funny. But so true.

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  5. randomfacts14 June 2011 at 05:13

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

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  6. Vince^_^14 June 2011 at 05:26

    Good blog

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  7. JayPower14 June 2011 at 05:28

    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!

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  8. Magixx14 June 2011 at 06:13

    nice blog, keep it up!

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  9. Zombie14 June 2011 at 06:19

    great quote!

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  10. Intraman14 June 2011 at 08:20

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

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  11. Moobeat14 June 2011 at 08:56

    solid quite

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  12. Jon14 June 2011 at 09:04

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

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  13. AllenTesch14 June 2011 at 09:24

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

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  14. Daniel14 June 2011 at 09:28

    @The Angry Lurker

    true

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  15. Astronomy Pirate14 June 2011 at 11:17

    When times are bad, the lawyers are doing good.

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  16. minecraft12914 June 2011 at 11:41

    Recessions hurt, everybody gets affected one way or another.

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  17. M Pax14 June 2011 at 11:47

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

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  18. Kicking Rocks14 June 2011 at 12:20

    no body says it better than will rogers!!

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  19. LightStand14 June 2011 at 12:42

    Nice information here

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  20. Anonymous14 June 2011 at 14:21

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

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  21. Anonymous14 June 2011 at 15:20

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

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  22. LM14 June 2011 at 15:22

    Nice blog, good post.

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  23. Ada14 June 2011 at 16:08

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

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  24. Breakingbrokers14 June 2011 at 16:12

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

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  25. Unknown14 June 2011 at 18:15

    Will Rogers has a gift with words haha

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  26. ed14 June 2011 at 19:22

    im pretty sure its the opposite, were getting dumber

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  27. Anonymous14 June 2011 at 20:02

    No money, no job, no marriage

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  28. T. Roger Thomas14 June 2011 at 20:12

    Intersting

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  29. Dejch15 June 2011 at 02:55

    Love the quote! it's true as well

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