Coronavirus Is Taking Its Toll on Big Law Firms
Interactive Video
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Business, Social Studies
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University
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Hard
Wayground Content
FREE Resource
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5 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What was the primary action taken by law firms during the 2008 crisis?
Increasing partner draws
Hiring more associates
Firing employees
Expanding office spaces
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why is cash flow crucial for law firms?
It determines the number of clients they can take
It affects their ability to pay partner profits
It is essential for maintaining operations
It influences their marketing strategies
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which practice areas are currently experiencing slow performance?
Bankruptcy and litigation
Real estate and M&A
Corporate law and tax
Intellectual property and family law
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a major concern for law firms regarding young talent?
Their reluctance to work long hours
Their high salary demands
Their lack of experience
Losing them to other industries
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What trend was already occurring in the legal industry before the crisis?
A decrease in law school enrollments
An increase in small law firms
A decline in demand for legal services
A bifurcation among law firms
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