2016-2018: Era of Slow Growth and Its Effect on Biglaw Forum

[mvp99]

When does anyone ever talking about GDP growth rates actually mean GDP growth rates without adjusting for inflation. Yes, I meant its real GDP growth rate, and I could have said so, but I'm not used to needing to add the "real" before.

Nominal GDP growth is the standard

[MCFC]

Which firm will be best positioned as people race to buy gold?

i've heard that david boies is secretly a goldbug

Secret goldbug partners would explain the NOBONUS, I guess.

[FSK]

just asking questions thread.

[Old Gregg]

im sorry... was 2009-2015 an era of great growth for the US? LOLOLOL you moron.

[enibs]

When does anyone ever talking about GDP growth rates actually mean GDP growth rates without adjusting for inflation. Yes, I meant its real GDP growth rate, and I could have said so, but I'm not used to needing to add the "real" before.

Fine, let's use real GDP growth then:

2010: 2.5
2011: 1.6
2012: 2.3
2013: 2.2
2014: 2.4
2015: on track for around 2.2-2.4

Point still stands. 0.5% annual GDP growth for three consecutive years would be ugly.

[Johann]

i mean why do you think bonuses were so low and NY to 190k hasnt happened. clients are being bitches again about paying bills. clients (businesses on the front lines positioned best to know) are definitely anticipating 2016 to be much slower than 2015 and 2014.

[hangingtree]

Bump. We may be seeing the beginning of a major slowdown. This thread wasn't supposed to be about predicting economic developments. Also this thread got derailed a bit on the real/nominal GDP distinction (which I'll take a lot of responsibility for).

Instead I think it'd be interesting to discuss what a slowdown of the nature outlined in the OP--and pretty much what we're seeing now--would do to biglaw. What are your thoughts? Could any associates share what the talk is at your firm?

[smaug]

Bump. We may be seeing the beginning of a major slowdown. This thread wasn't supposed to be about predicting economic developments. Also this thread got derailed a bit on the real/nominal GDP distinction (which I'll take a lot of responsibility for).

Instead I think it'd be interesting to discuss what a slowdown of the nature outlined in the OP--and pretty much what we're seeing now--would do to biglaw. What are your thoughts? Could any associates share what the talk is at your firm?

As the present Cassandra of TLS, I feel obligated to say that we could have a rough patch ahead for many firms.

I don't think it's totally tied to the economy. More that the intrinsic problems are the cause and slowdowns exacerbate those intrinsic problems.

Your OP remains dumb.