Recession-Proof? Debt and Contract Lawyers Are Weathering the Coronavirus Storm Better Than Others

Woman giving cheque of office worker.

There have been many conversations between attorneys about an expected flood of businesses filing for bankruptcy due to the COVID-19 economic slowdown. However, Texas commercial bankruptcy attorney Howard Rubin has not seen this yet, though he noted this could change in the coming months. 

This pandemic has affected attorney income immensely, but not all practice areas are hurting the same way. Many debt counsel and contract lawyers seem to be faring better than other areas, as Rubin, a shareholder at Kessler & Collins in Dallas, said debt attorneys who do bankruptcies have seen little impact to their current caseload, which means their incomes haven’t suffered as much as other lawyers during the COVID-19 economic shock. 

ALM Media conducted a survey of attorneys nationwide from April 1-23 asking how the COVID-19 outbreak has affected their income or revenue, how their new case filings have changed, and what’s been happening with new clients seeking representation. 

Are you interested in learning more about the findings in this nationwide survey? Read more in this law.com article.

Author:
Victoria Ostrander
Assistant Editor
The American Lawyer | National Law Journal | Corporate Counsel
Email: vostrander@alm.com
ALM Media Properties LLC







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