Stop talking about it: For the past few months everyone has been discussing the GFC as we struggle to get our heads around the new reality and when things will improve. Consider the changed landscape and whether there are opportunities for your group presented by the changed economic climate.

Think laterally about ways to contribute to the organisation: The slower market might be an opportunity to stretch yourself and work with different partners who practise in areas that are busier than your current group. You might also become more involved with non-billable activities that contribute to your organisation such as mentoring, recruitment, pro bono or marketing initiatives (including producing seminars and articles).

Utilise your newly found spare time in a way that is meaningful: Rather than bemoan the GFC, embrace it. For many lawyers, the hours that their roles have demanded in recent years have prevented them doing things outside of work that they find rewarding. The slower market is an ideal chance to take stock and devote time to family, friends, exercise, that course and a holiday.

Position for the upswing: Rather than ruminating on the present, spend time analysing where the opportunities will be once the economy improves and position yourself to take advantage of these opportunities.

- With Mary Horniblow, manager of Private Practice and International at Mahlab Recruitment

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