Anyone else up for partner this year and want to commiserate about the world burning down around us?

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This is for sure a reminder of (a) what really matters in our lives and those of our loved ones and (b) how quickly things can change. As with Black Monday and the savings and loan fiasco in 1987-88, the dot com bust in 2000-01, and the 2008-09 meltdown, a period of exuberance has come to a sudden stop. No one has a perfect crystal ball, but FWIW this one feels a lot different that those three, in ways that will hopefully lead to a quicker recovery. If that turns out to be right, before too long we will all look at this mostly as a chance to learn, individually and collectively.

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I agree. This does feel different than the dot-bomb bubble and the financial meltdown. I think this will quickly sort itself out.

I’m up for non-equity partner this year and am deeply concerned. The salary structure switches from salaries to a make a % of what you work on and collect model. My only real data point is 2008, and optimistically everyone says that was an anomaly for a recession in terms of how bad and long it was. Hoping for the best but preparing for worst and have been diligent in building my savings.

smart

Use this time to build your personal legal brand and book of business.

What’s your practice area?

Hey TL, thanks for the words of wisdom. We’re in this together and I hope for the best. Your kids are lucky to be with you during these hard times. Best to you and the fam!

I was thinking about switching firms and now I’m hoping and praying I still have a job in 6 months

Fingers crossed for you.

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