‘Slow burn’ in economic downturn creating complacency

On this special episode of The Lawyers Weekly Show, produced in partnership with Madison Marcus, we dive into how firms and practitioners alike can deal with the influx of insolvencies and bankruptcies that could occur if a recession comes to pass.

Host Jerome Doraisamy speaks with Madison Marcus director John De La Hoyde about his passion for commercial litigation and insolvency, how and why he came to practise in these spaces, where Australia is at with regards to insolvency against the backdrop of a looming recession and coming out of the pandemic, what clients are currently up against, and how and why it is so important for businesses to be planning ahead and not waiting until it is too late to restructure.

Mr De La Hoyde also outlines which sectors are at most risk in the near future and what kind of flow-on consequences there will be for litigators and insolvency lawyers, lessons to be taken from the last economic downturn, what will constitute best practice for lawyers moving forward, how best teams in boutique and BigLaw firms can work across practice areas, how to meaningfully engage with clients at this critical stage and managing one’s self and one’s team amid such turbulence.

To learn more about Madison Marcus’ work in this space, click here.

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If you have any questions about what you heard today, any topics of interest you have in mind, or if you'd like to lend your voice to the show, email editor@lawyersweekly.com.au for more insights!