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There’s been a lot of buzz about the economy, inflation, and an imminent recession impacting the U.S. While interest rates continue to climb in an effort to slow inflation, investors may feel drained by the stock market’s volatility. Advisors warn businesses to plan for challenging times. However, recessions are historically short-lived, and many see the second half of 2023 carrying many opportunities for those ready to capitalize. In Wells Fargo’s “Recession, Recovery and Rebound” report published in December 2022, analysts state the first half of 2023 will experience a recession with a continued global economic slowdown. However, the 170-year-old company sees the second half of 2023 ripe with opportunity as the U.S. pulls out of recession and markets begin to turn upward again. They further explain that not all industries are susceptible to the effects of the recession. Sectors such as energy, information technology, health care, insurance, communication services, and utilities are predicted to fare well.
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How to Waste Time and Money In Legal Marketing
By Gina F. Rubel
Almost daily, I receive an email promising better SEO rankings, better news pick up for a law firm press release, a better law firm website, blog and social media content that will bring in clients, and access to contacts across the globe. Unfortunately, these sales pitches are usually a colossal waste of time. Here are some examples of solicitations that should be deleted as soon as you receive them.
Shrinking Demand? Top 7 Reasons Firms Are Leveraging Experience Data
By Jason Noble
While the competition for outside legal services has never been more intense, the strategic approach firms take — including a strategic approach to technology — will define whether the market pressures are a threat or opportunity.
Financial Strategies to Optimize Your Technology Spend
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Uncertain and challenging markets are times when firms and organizations of all types conserve cash. If this can be achieved without cutting needed projects, equipment or services to ensure successful returns to the office, then this is clearly an ideal financial strategy.
Marketing Tech: Legal Ops Success In an Uncertain Economy
By Ari Kaplan
Ari Kaplan speaks to leaders in legal ops on key themes emerged that are likely to drive new initiatives in 2023.