{ "media_type": "text", "post_content": "2021 Headwinds and Tailwinds. What are the thoughts as the fiscal year closes out? I'm seeing 2021 as likely more punishing given the lack of visibility and the fact we may have diminished economic activity for 2 to 3 quarters. I have little visibility into how comp will be impacted but can only imagine lots of early retirement zoom parties. Thoughts?", "post_id": "5f7bcf4d9336fd002a2f22b5", "reply_count": 1, "vote_count": 1, "bowl_id": "5ec54b1353d776001a8f820c", "bowl_name": "Equity Partners/Shareholders (Law)" }

2021 Headwinds and Tailwinds. What are the thoughts as the fiscal year closes out? I'm seeing 2021 as likely more punishing given the lack of visibility and the fact we may have diminished economic activity for 2 to 3 quarters. I have little visibility into how comp will be impacted but can only imagine lots of early retirement zoom parties. Thoughts?

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Our firm is rebounding well so far, but it is a question on all of our minds. I tend to think it will be driven by the sectors of each firm’s practice and size. We’re a boutique (25 attorneys). My bank clients are getting busy fast and that is likely to continue, but O&G and other practice areas are clearly down and firms with large staffs and focused on practice areas hit the hardest are already doing layoffs here (Texas).

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