Tuesday, November 18, 2008
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!