Ed.
note:
Welcome
to
our
daily
feature, Quote
of
the
Day.
So,
while
a
downturn
would
certainly
impact
our
more
profitable
areas
like
M&A,
capital
markets
and
some
types
of
lending
transactional
work,
with
the
countercyclical
practices
we
have
built
up,
we
see
opportunities
to
balance
any
downturns
if
it
does
come
to
that.
At
this
point,
we’re
a
bit
sanguine
on
what
the
actual
impact
will
be,
because
economists
have
not
been
able
to
predict
what
the
impact
on
client
demand
will
be.
—
Peter
Nelson,
managing
partner
of
Dorsey
&
Whitney,
told
Law.com
that
his
firm
is
already
thinking
about
the
ways
the
war
in
Iran
and
the
economic
fallout
from
that
could
impact
their
business.
Nelson
added
that
he’s
pleased
with
Dorsey’s
positioning,
adding,
“When
you
see
the
type
of
workout
work
we
were
seeing
last
year,
it
is
often
a
harbinger
there
is
more
bankruptcy
work
coming.
We
are
well-positioned
to
capture
that
when
it
does
come.”