Description: Blog to celebrate the successes of the lawyers participating in the LawFirmIncubator project.
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Success Stories, News and Events from the Law Firm Incubator Suite in New York City
In light of the current credit crisis and general nervousness about the status of the US economy, many lawyers are concerned about the status of their practice. Of course, there are bankruptcy attorneys and litigators who do well in down markets, but most lawyers I speak with have their eyes fixed on the latest economic indicator reports.
And while corporate or real estate deals may slow, companies may spend less on their IP programs or may hold off on filing that breach of contract claim, a down economy creates a number of business opportunities for entrepreneurial lawyers. For example, down economies create price sensitivity. Some prospective clients who have been loyal to the firms they have been working with may reconsider working with a small firm that has better rates.