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Law Practice

Jan. 1, 2009

A Year of Uncertainty: The Legal Business Stories that Defined 2008

To put it mildly, 2008 was not a rosy one for the legal industry. Sub-prime woes and the credit crunch tempered the demand for legal services earlier in the year. The situation worsened when the financial crisis led to a full-blown recession.

By Jill Redhage
Daily Journal Staff Writer

To put it mildly, 2008 was not a rosy one for the legal industry. Sub-prime woes and the credit crunch tempered the demand for legal services earlier in the year. The situation worsened when the financial crisis led to a full-blown recession. Firms with strong banking, structured finance, and real estate groups saw their clients go bottom-up and their practices plummet. In attempts to right their ships, many firm...

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