The current economic downturn has had differing effects on Las Vegas law firms. Namely, The intermountain West law firm of Brownstein Hyatt Farber Schreck is cutting its workforce because of a nationwide drop in demand for its services. In April 2009 the firm laid off 5 percent of its associates, as well as about 20 support staff across its 12 offices.
Conversely, in a time when most law firms are cutting back, even laying off associates, Lewis and Roca has decided to expand into new markets. The Southwest law firm is acquiring an office in California’s Silicon Valley.
There are no “straight indicators” in the current downward trend in the marketplace, as it seems to be a kind of “open space” where different kinds of upsurges, or successes, can land in the laps of those right across the street from others suffering great financial losses. It seems to be all in how a particular business reacts to the crisis — intensifying the outcomes of those thrown into the frying pan and having to choose to fight or fold. Nevada lawyers are no different, though the legal field has kept up pretty well relative to other industries, such as construction, retail and service
Count on lawyers in Nevada to remain prosperous, though that prosperity may depend on their particular area of spcialty.
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