Recession Zen: Hit the Ball Coming At You

 "It isn't what it was."

That's what I am hearing from my intuitive career coaching clients, both here in the US and in Canada.

Universally they are gazing with horror at their businesses in January 2023. The lens they are using are the results from much better times. For many of them those had been 2021 and early 2022. 

I address them the same way a sports coach approaches an athlete frozen in self-consciousness and fear. That is the Zen concept of Changing the Channel in Your Head. Be in the moment. Not more than a year back. 

An actual tennis coach puts it this way: Hit the ball coming at you right now, not the one you hit brilliantly yeserday or missed a game back. That's  the wisdom of Tim Gallwey in "The Inner Game of Tennis." 

Next, the client and I play with what strategies and tactics can be rolled out or improved in the now. 

Of course, in some high-profile lines of work being in the here and now is tough. The media outlets are all there trotting out results of the pandemic boom for large law firms and indicating there will probably be a falloff when the numbers are posted for 2022 and Q1 for 2023. 

For large law firms, this was 2021 in terms of Profits Per Equity Partner:


Rank by PPEPFirm2021/2022 PPEPEquity partners
1Wachtell, Lipton, Rosen & Katz$8,400,00091
2Kirkland & Ellis$7,388,000490
3Davis Polk & Wardwell$7,010,000161
4Sullivan & Cromwell$6,366,000165
5Paul, Weiss, Rifkind, Wharton & Garrison$6,162,000168
6Simpson Thacher & Bartlett$5,980,000203
7Cravath, Swaine & Moore$5,803,00097
8Quinn Emanuel Urquhart & Sullivan$5,746,000173
9Latham & Watkins$5,705,000550
10Cahill Gordon & Reindel$5,533,00065


For too many law firms the numbers will come in lots lower for 2022. And estimates for 2023 could be humiliating.

The media centers are gleefully waiting to interview those not so much in the money. The smart law firms will bypass diffidence. They will move into what they are doing now to mitigate loss of revenue and develop new sources.of PPEP. 

Essentially the way to hit that ball coming at us is to be ready to think differently about how we do business. That's the necessary Ah-Ha Moment.

Intuitive career coaching about your present and your next. Shut down the noise from that committee in your head and open to possibility.  In addition, content-creation about HR issues.

Sliding Scale Fees. Please make an appointment for a complimentary consultation at janegenova374@gmail.com.


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