Everyone seems to be worried about a recession, but most attorneys I speak with are actually busy. Anyone seeing otherwise?

I get there are stealth layoffs happening, but those are at the small minority of firms that were actually able to hire the last 2 years.

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Clients being short on cash is a bad thing, all things considered.

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I do real estate finance and am extremely slow. Higher interest rates have really hurt lenders and decreased demand.

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Yeah RE finance fell off a cliff and will stay down through Q4. The RE market is generally expecting a correction but we will see how much it affects equity side transactional

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Recessions are a process. Employment cuts are one of the last pieces.

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Perhaps you should consider that 95% of firms did not grow headcount last year and most of the headcount growth were concentrated at a handful of firms. If demand doesn't drop off a cliff, I don't see why there needs to be a dramatic reduction of force. If you ask me, the only bubble is in-house, where the first place where costs are cut are in legal

Cap Markets is sloooow. Have been stealths at my firm. Luckily my hours are still ok and there’s so much of a backlog of IPOs and companies that need money that I think there can only be so many cuts before you run into the issue of not enough associates when the market inevitably picks back up.

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I think a mix of both.

As to being busy, I definitely do my fair share of follow-ons which remain cyclically busy. We’re seeing more alternative structures of financing (a lot of PIPEs and registered directs). I’m able to keep busy that way. But all things considered I wouldn’t classify Capital Markets as “busy.” And yea literally haven’t priced an IPO this year which sucks..

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Yes I have friends throughout the “top 25” firms, including top 5, reporting stealth layoffs, my own firm included. One described it as a “bloodbath” at a certain office

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Perhaps, but I'm not sure that affects the fortune 500, etc. And if you are focused in ecvc then M&A and distressed M&A should be fairly active

I’m L&E and we’re insanely busy

One of the few practice areas with growing importance. I think the growth of the tech industry has given further momentum to this movement, given it opened up a whole universe to tech firms to complex employments needs

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any SAE or AS who was laid off and is interested in a freelance role, DM me. ✊🏾

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Hello fishes 🐠🐋🐟,

Please help me out here.... Your input will be really great.

I have herd that currently most of the companies are in hiring freeze. (Holiday season, recession or layoffs).

I am trying to apply job for many companies since last month, and i haven't got any response from any of them.

Are there any Organizations still out there who are hiring/open for referral and are in position to handle recession.

Please comment your thoughts. It might make someone's day.

Thanks.

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Hi everyone, share your blindsided layoff stories below so I can feel a little bit better about mine.

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This may be an unpopular opinion.

But I think it's kinda shitty that when FAANG people get laid off, everyone feels bad for them and they get so many resources to get rehired, but the same is not true for people that get laid off at smaller lesser known organizations.

Like those FAANG people will be fine, they got generous severance packages. The people who actually need help often get overlooked or are forgotten.

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