{"id":148745,"date":"2026-04-13T15:17:12","date_gmt":"2026-04-13T23:17:12","guid":{"rendered":"https:\/\/xira.com\/p\/2026\/04\/13\/is-biglaw-getting-that-uh-oh-feeling-on-the-economy\/"},"modified":"2026-04-13T15:17:12","modified_gmt":"2026-04-13T23:17:12","slug":"is-biglaw-getting-that-uh-oh-feeling-on-the-economy","status":"publish","type":"post","link":"https:\/\/xira.com\/p\/2026\/04\/13\/is-biglaw-getting-that-uh-oh-feeling-on-the-economy\/","title":{"rendered":"Is Biglaw Getting That \u2018Uh Oh\u2019 Feeling On The Economy?"},"content":{"rendered":"

Ed. note<\/u>: Welcome to our daily feature,\u00a0Quote of the Day<\/a>.<\/em><\/p>\n

So, while a downturn would certainly impact our more profitable areas like M&A, capital markets and some types of lending transactional work, with the countercyclical practices we have built up, we see opportunities to balance any downturns if it does come to that. At this point, we\u2019re a bit sanguine on what the actual impact will be, because economists have not been able to predict what the impact on client demand will be.<\/strong><\/p>\n

\u2014\u00a0 Peter Nelson, managing partner of Dorsey & Whitne<\/em>y<\/strong>, told Law.com<\/a> that his firm is already thinking about the ways the war in Iran and the economic fallout from that could impact their business. Nelson added that he\u2019s pleased with Dorsey\u2019s positioning, adding, \u201cWhen you see the type of workout work we were seeing last year, it is often a harbinger there is more bankruptcy work coming. We are well-positioned to capture that when it does come<\/strong>.\u201d<\/em><\/p>\n<\/p>\n

The post Is Biglaw Getting That \u2018Uh Oh\u2019 Feeling On The Economy?<\/a> appeared first on Above the Law<\/a>.<\/p>\n

\"Yikes,<\/figure>\n

Ed. note<\/u>: Welcome to our daily feature,\u00a0Quote of the Day<\/a>.<\/em><\/p>\n

So, while a downturn would certainly impact our more profitable areas like M&A, capital markets and some types of lending transactional work, with the countercyclical practices we have built up, we see opportunities to balance any downturns if it does come to that. At this point, we\u2019re a bit sanguine on what the actual impact will be, because economists have not been able to predict what the impact on client demand will be.<\/strong><\/p>\n

\u2014\u00a0 Peter Nelson, managing partner of Dorsey & Whitne<\/em>y<\/strong>, told Law.com<\/a> that his firm is already thinking about the ways the war in Iran and the economic fallout from that could impact their business. Nelson added that he\u2019s pleased with Dorsey\u2019s positioning, adding, \u201cWhen you see the type of workout work we were seeing last year, it is often a harbinger there is more bankruptcy work coming. We are well-positioned to capture that when it does come<\/strong>.\u201d<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Ed. note: Welcome to our daily feature,\u00a0Quote of the Day. So, while a downturn would certainly impact our more profitable areas like M&A, capital markets and some types of lending transactional work, with the countercyclical practices we have built up, we see opportunities to balance any downturns if it does come to that. At this […]<\/p>\n","protected":false},"author":3,"featured_media":148746,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[16],"tags":[],"class_list":["post-148745","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-above_the_law"],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/xira.com\/p\/wp-content\/uploads\/2026\/04\/GettyImages-1367136832-scaled-Xq27N3.jpg?fit=2560%2C1707&ssl=1","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/posts\/148745","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/comments?post=148745"}],"version-history":[{"count":0,"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/posts\/148745\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/media\/148746"}],"wp:attachment":[{"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/media?parent=148745"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/categories?post=148745"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/tags?post=148745"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}