Corporate restructurings and layoffs can impact the entire workforce, including the legal sector. However, many in-house counsel feel more exposed than their compatriots at law firms. Organic changes, M&A and the ups and downs of economic cycles seem to hit corporate legal departments far more frequently and with much greater effect than most large legal practices. While no lawyer is immune from large economic swings, market corrections or even crashes (e.g., 2008), in-house counsel often feel the buzz acutely when market conditions change, rumors abound about potential strategic transactions emerge or when a public filing indicates that “cost-cutting measures” are forthcoming. As Rena Barnett of Attorney-Career-Coach.com explains in great detail, it is possible to actually thrive during these periods if an in-house lawyer positions themselves effectively:
“Corporate restructuring and layoffs can be tumultuous times for in-house counsel attorneys. However, with the right approach, these challenges can be transformed into opportunities for professional growth and career advancement. Here are ten comprehensive strategies to help you navigate and thrive during organizational changes…..Implementing these strategies comprehensively will position you to not just survive, but thrive during corporate restructuring and layoffs. Remember, the goal is to continually evolve and grow professionally, turning challenges into stepping stones for career advancement. By staying informed, adaptable, and proactive, you can navigate organizational changes successfully and emerge as a stronger, more versatile legal professional.”
Read: Top 10 Strategies for Surviving Corporate Restructuring and Layoffs as an In-House Counsel Attorney at Attorney-Career-Coach.Com