I operate a mid-sized law firm north of Baltimore with a working-class clientele. In the last 60 days, our firm has noticed that clients and potential clients have significantly less money to hire lawyers. Six months ago, clients didn’t blink at attorneys fees or even try to negotiate. We have far less business coming in and we are getting nickeled-and-dimed by everyone.
Our business is the canary in the coal mine, as we represent many working-class folks. Like clockwork, our business revenues decline a few months before the rest of the economy does the same, as eventually more affluent people get tapped out, as well. The COVID giveaways have largely ended, and downscale folks have maxed out their credit cards. And just wait for when the millenialls have to restart paying their student loans back in September.
Thank you for that insight. We are in a smallish ($100K) lawsuit right now and we’re using our local Small Town Lawyer and he is doing a bang-up job. I do not begrudge him the $ we’ve already paid him.
I would REALLY like to see some results, though! This has been going on since this past winter.
The beotch we’re suing is an EX family member with MAJOR gambling, lying, cheating, stealing problems, so it’s going to take a while to sort out. We gave her an easy out, but that doesn’t seem to be her, ‘style.’ Gotta make life as difficult as possible for all involved parties for some reason unknown to us.
*SHRUG*
God Bless You & Yours and I hope you can weather this Socialist Democrat induced storm.
The younger ones. And Gen Z. Apparently, Biden Administration found a loophole where you don't have to pay back it you've had loans for over 20 years. The first Millenial was born in 1980. So he's around 42 years old.
Thanks for that information. Very useful, with credible analysis.