Tuesday, November 18, 2008

Hard Times

The arguments continue as to whether the economic downturn will lead to more or fewer divorces. In a survey of the American Academy of Matrimonial Lawyers, 37% of members responded that they typically see a decrease in the number of divorce cases during downturns, while only 19% said they saw an increase. I tend to agree that, if anything, there will be fewer divorces. What will further hit the profession, of course, is that fewer people going through a divorce will be prepared (or able) to pay large solicitors bills. There will therefore be a proportionate increase in litigants in person, and a greater willingness to compromise (the latter, of course, not necessarily a bad thing). My advice to budding family lawyers: do insolvency work instead!

4 comments:

  1. John, we did some research from the last two recessions in the 80's and 90's which saw divorce spikes in the UK, so this may not necessarily be true. In any event, what you say about divorce lawyers fees is true, we have seen an increase of 40% this year with the months of September and October being particularly over target.

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  2. Hi Mark,

    Yes, we'll just have to see which way it goes.

    Glad to hear you're doing well. Got a job for a hard-up divorce lawyer? I'm serious!

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  3. Dear John

    when are you going to da another video thing? I wanted to see if you got a haircut.

    If you have a problem you could try:

    The Village Barbers‎ 47 Luton High St, Chatham, Kent

    or

    Head Garderners‎ 17 Union St, Maidstone, Kent.

    don't let the credit crunch turn you into a loveable moptop.

    Paul

    ReplyDelete
  4. But I like being a loveable moptop!

    ReplyDelete

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