2019 Outlook: Big Law Firms Prep for Projected Economic Slowdown

Prosperous times aren’t over yet for major U.S. law firms, but many in 2019 will have to consider how they’ll respond when the economy likely hits a downswing.

After nearly a decade of economic growth, many experts agree that chances are slim for an economic disaster, but a smaller recession is probably on the horizon.

Nearly half of Chief Financial Officers said they believe the U.S. economy will be in recession by the end of 2019, and more than 80 percent believe one will have begun by the end of 2020, a survey by Duke University shows.

“History doesn’t ...