Steven Kaufman Discusses Cleveland’s Economic State in the National Law Journal
August 09, 2013Steven Kaufman discusses the effects of the Great Recession in the article, “‘Flat in Cleveland’ Best Describes Economy,” published by the National Law Journal. Mr. Kaufman states, “There’s an abundance of lawyers and a shrinking pie of locally produced business – more lawyers trying for less work.” Companies are carefully watching their legal spending and are less inclined to pursue claims, unless it’s critical. “In general, there’s a decline in litigation activity. Firms that have positioned themselves as specialists in a demand area are in a better position to get work that is available,” says Mr. Kaufman. The demand area centers primarily on employment litigation and multidistrict torts, and leaves behind work in general business litigation, bankruptcy and intellectual property litigation.