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The Boston Consulting Group has four videos on "Winning in a Downturn, Accelerating in the Upturn" on the Wharton @Knowledge site. The focus on (1) Generating Cash, (2) Finding Strategic Opportunities, (3) Managing in Turbulent Times and (4) Seeking New Sources of Growth.
A few take-aways:
- Leaders must listen (like never before) to employees, clients and the market to identify opportunities and possible land mines.
- Leaders must focus on maintaining trust (like never before) to keep key talent and teams together. People may stay with a troubled company in a difficult time when the job market is down, but when it picks up, they may bail for other opportunities. Leaders must act with integrity and transparency.
- Leaders must focus on improving morale (like never before) to keep people focused and motivated to perform.
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How small law firms can survive the storm
The public may believe that lawyers thrive in bad as well as good times. But it is becoming clear that some smaller firms will not survive the turmoil of the downturn.
Securities Litigation and the Housing Market Downturn
Atanu Saha and I have recently completed a paper analyzing the issue of (1) when the housing market downturn occurred (on a sustained, statistically significant basis); (2) when the market foresaw this housing market downturn; and (3) why the issue of the “foreseeability” of the housing market downturn is legally central to much of the [...
"Winning Strategies for Older but Wiser Job Seekers"
In the news: "Much of the recent legal press has been focused on the plight of new and junior attorneys in this economic downturn, but senior lawyers have been impacted as well. And for older attorneys, there often may be...
I don't want to be a downer but I am an old boy scout and Be Prepared was our motto! I've collected the following list of links that might be useful: Digital Tips in a Recession 10 Ways Digital Can Help You Thrive in a Recession How will the recession affect libraries? Recessions and Libraries Why Social Applications Will Thrive In A Recession Social Media effective during Recessions Strategies For Interactive Marketing In A Recession Unlike Last Time, Results-Based Marketing And Social Applications Could Thrive (Register for free report) Google is Not Recession-Proof Just remember that we've been through this before and it may not happen, but: Libraries Are Used More in Recession - New York Times - and that was in 1993...
The Legal Jobs Downturn - How Bad Can It Get
Down here, Downunder, the law jobs downturn has barely struck us, while the northern hemisphere’s been swept by the ongoing downturn in legal jobs, associate pay freezes, and the unheard of: partners being squeezed from firms...
While Many U.S. Firms Struggle to Survive, Indian Firms Thrive
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As U.S. law firms struggle to survive in this economy, India's lawyers thrive, reports the Financial Times. And it's not just outsourcing companies that are reaping the benefits, but India-based law firms...