Businessweek Reporter: BigLaw Is "Crash Landing"

May 2 (Bloomberg Law) -- Paul Barrett, assistant managing editor and senior writer for Bloomberg Businessweek tells Bloomberg Law's Lee Pacchia that Big Law is currently experiencing "a very difficult crash landing that is taking place now and will persist for at least another several more years." While acknowledging that the 2008 recession was partially to blame for the slowdown, Barrett sees the current situation compounded by the bursting of a bubble among large law firms that hired too many lawyers and entered into ill-advised mergers. We are seeing the reckoning from overkill that built up over many years, he says.
Why Good Investment Decisions Should Only Take 10 Minutes
47:25 - Zhenfund Co-founder Victor Wang discusses investing in startups and why he says deciding whether to invest can happen in as little as 10 minutes. He speaks to Bloomberg’s Rishaad Salamat on “Trending Business.” (Source: Bloomberg)
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