economic downturn

Future-proofing the partnership: The importance of ‘adaptive leadership’ in FY25–26

While facing macroeconomic, technological, and talent-related pressures, how can law firm leaders adapt their mindset...

04 June 2025

By Lauren Croft

Demand, fees, and headcount all up for Aussie firms in FY24–25 (so far)

New research shows that Australian law firms have seen strong results in the first half of this financial year – but...

24 March 2025

By Jerome Doraisamy

What law firms will be most attractive for private equity investments?

Amid trade wars and a potential US recession, an economic downturn may see increased demand for legal services. Such an...

21 March 2025

By Jerome Doraisamy

Are legal departments’ hiring processes slowing?

In a slower economic market, 2024 has brought noticeable shifts in hiring trends within legal departments and a more...

04 June 2024

By Lauren Croft

Firms changing pricing models, implementing hiring freezes amid economic turbulence

More Australian law firms are reducing their headcount and implementing alternative pricing models in light of economic...

30 May 2024

By Lauren Croft

BigLaw firms ‘must keep developing people’ in uncertain markets

In economic turbulence, leaders must “keep developing people”, according to Colin Biggers & Paisley managing...

19 September 2023

By Lauren Croft

Sole practitioners can ‘navigate economic turbulence more effectively than larger law firms’

With the number of sole practitioner firms increasing last year, will smaller firms fare well during a potential...

06 July 2023

By Lauren Croft

Cost-cutting to remain high priority for legal departments

With a potential recession on the horizon and the need for efficiency at an all-time high, legal departments are...

06 June 2023

By Lauren Croft

‘Slow burn’ in economic downturn creating complacency

On this special episode of The Lawyers Weekly Show, produced in partnership with Madison Marcus, we dive into how firms...

14 April 2023

By Robyn Tongol

Australia will enter a recession in 2023, SMEs say

A new survey has revealed the views of Australian SME law firms and businesses — a number of which are...

12 January 2023

By Jon Bragg

Aussie legal market full of opportunities in 2023, ‘despite growing economic uncertainty’

Following a number of global expansions, Ashurst’s head of Australia Lea Constantine spoke to Lawyers Weekly about...

11 January 2023

By Lauren Croft

Boutiques, SMEs should ‘start preparing for a possible recession now’

Following ample concerns of a looming recession, what do boutique and SME firms need to be doing to keep themselves...

27 October 2022

By Lauren Croft