Economic Impact on Legal Practices

Navigating Economic Shifts in the Legal Industry

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MODE
Virtual (Google Meet)

TYPE
Mentor Based

LEVEL
Moderate

DURATION
3 Days

Start Date
19 -March -2025

Time
3:00 PM IST

About

The legal industry is not immune to economic fluctuations, including recessions, inflation, globalization, and technological advancements. This program explores how legal professionals can adapt to economic changes, optimize business models, manage financial risks, and implement cost-effective legal solutions to sustain profitability and client satisfaction.

Aim

The Economic Impact on Legal Practices Program aims to provide legal professionals with a deep understanding of how economic trends and financial shifts affect law firms, corporate legal departments, and the legal profession as a whole. This program covers financial management, law firm profitability, technology disruptions, regulatory changes, and the future of legal services in a dynamic economy.

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Workshop Objectives

To educate legal professionals on the economic forces shaping legal practices
To train law firms & corporate legal teams in financial sustainability
To explore how AI, automation & legal tech impact economic decisions in law
To prepare legal professionals for economic downturns & market volatility
To equip participants with business strategies for legal practice growth

Workshop Structure

Day 1: Responding to Global Economic Uncertainties

Session 1.1: Overview of Global Economic Conditions
Current Economic Trends and Their Impact on Legal Practices
Case Studies from Major Economies Experiencing Financial Distress
Session 1.2: Surge in Bankruptcy Filings
Analysis of Bankruptcy Trends Worldwide
Strategies for Legal Practices Handling Increased Bankruptcy Cases
Session 1.3: Interactive Discussion
Roundtable on Legal Challenges in Various Jurisdictions
Sharing Best Practices and Navigational Strategies

Day 2: Navigating Mergers and Acquisitions During Economic Fluctuations

Session 2.1: Global Trends in M&A
How Economic Volatility Influences Mergers and Acquisitions
International Case Studies: Successful M&A Strategies During Uncertain Times
Session 2.2: Legal Expertise in M&A Transactions
Key Legal Considerations: Due Diligence, Compliance, and Negotiation
Cross-Border Legal Challenges and Opportunities
Session 2.3: Q&A Session
Open Forum for Addressing Participant Queries on Global M&A

Day 3: Contract Disputes and Litigation in a Global Context

Session 3.1: Increasing Contract Disputes
Economic Pressures and the Rise in Global Contract Disputes
Comparative Analysis of Dispute Resolution Techniques
Session 3.2: Formulating Effective Legal Strategies
Mediation, Arbitration, and Litigation Across Different Legal Frameworks
Best Practices for Managing International Disputes
Session 3.3: Future Outlook
Predicting the Long-Term Global Impact of Current Economic Instability on Contract Law

Participant’s Eligibility

Law Firm Partners & Managing Attorneys
Corporate Legal & Compliance Officers
Legal Tech Entrepreneurs & ALSP Leaders
Financial & Business Consultants in the Legal Industry
Law Students & Young Legal Professionals

Important Dates

Registration Ends

2025-03-19
Indian Standard Timing 1:00 pm

Workshop Dates

2025-03-19 to 2025-03-21
Indian Standard Timing 3:00 PM

Workshop Outcomes

✔ Understand how economic factors impact legal practices
✔ Learn financial management & profitability strategies for law firms
✔ Gain insights into legal technology & cost-efficient service models
✔ Explore new legal job markets & alternative legal service providers
✔ Be prepared for economic challenges affecting the future of law

Mentor Profile

Name: Dr. Teena
Designation: Assistant Professor
Affiliation: GD Goenka university

Dr. Teena is law graduate from Maharashi Dayanand University, Haryana. She did her LL.M. from Bhagat Phool Singh University, Sonepat with specialization in Corporate Laws. She qualified National Eligibility Test conducted by UGC in Dec 2014. She completed her Ph. D in 2019 from Amity University Gurugram.
She has natural flair for teaching and research. During her teaching, she won many accolades including, Chancellor’s Award for Excellence in Innovative Teaching Pedagogy in K R Mangalam University. Her research paper was awarded with best research paper at one day National Conference on Social-Legal Impact of Environment Jurisprudence in the 21st Century, dated 21st October 2021. So far she has published 11 research papers and chapters in various journal and books and has also presented 15 research papers in National and International Conferences. Her areas of interest are Environmental Laws, IPR, Family Law and Criminal Laws

Fee Structure

Student

INR. 1999
USD. 45

Ph.D. Scholar / Researcher

INR. 2499
USD. 50

Academician / Faculty

INR. 2999
USD. 55

Industry Professional

INR. 4999
USD. 75

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