A dozen charts shed light on how a K-shaped recovery widens the distance between the haves and the have-nots.
Part I (216) of this 5-part series (#GreatExpectations for the #GreatReset) provided a broad retrospective on the last downturn for both BigLaw and corporate clients, with emphasis on the socioeconomic context around the legal market. The next two posts comprise an experiment in format. Parts II (217) and III (218) are snack-sized posts 🍙🍿 (at least for me 😇), each covering a handful of charts 📊 as background for a long-form post in Part IV (219).
The charts in today’s post explore the economic impacts of 2020 and the implications of a K-shaped recovery for legal markets. A K-shaped recovery refers to divergent recovery outcomes for different subsegments of the economy, both across and within sectors. See Talib Visram, “Forget U or V or W: We may be headed toward a K-shaped recovery,” Fast Company, Sept 11, 2020.
Continue Reading #GreatExpectations, Part II: Some Play to Win & the Rest Fight to Survive (217)