TOP 100 LAW FIRMS

Référence : #INT59
Publication : 2020

«For decades, 2020-’21 will be remembered as the coronavirus years. A death toll at almost two million and rising as I write; millions of workers around the world laid off; unprecedented market uncertainty. But 2020 was also a year of adaptation for the global legal market. The abruptness of the Covid-induced dislocation was unwelcome, but necessity is the mother of invention, and law fi rms around the world learned how to go virtual with impressive rapidity, servicing clients while handling cybersecurity issues, extra data protection compliance burdens, and the HR challenges concomitant with sudden, months-long remote working. It was a diffi cult year for high-street law fi rms globally; several went bust and were permanently shuttered. But Big Law – especially fi rms that fi elded strong restructuring, bankruptcy/insolvency and labor practices – did surprisingly well. For one thing, clients were feeling relatively conservative, and were not willing to switch to a brand new advisor. For another, the rapid, massive economic responses by governments created a level of corporate confi dence and stability absent during the fi nancial crisis of 2007-’08. The coronavirus recession was extremely serious, but it was of markedly different character to previous recessions.
»