How Coronavirus and a Bear Market Could Upend Law Firm Hiring
There's no sign yet of panicked hiring freezes, and offers are already out for the newest crop of associates. But the situation is evolving quickly, and even if it's very unlike the Great Recession, the pandemic is bound to affect the legal job market. When the U.S. stock market went into a tailspin in the fall of 2008, the response among law firms was swift and nearly uniform. Hiring ground to a halt almost immediately after the Lehman Brothers bankruptcy prompted a 4.5% one