It’s the worst of times, it’s the best of times. As many in Canberra change their fiscal ways to avoid the bust, all of that belt tightening is providing a boom for the businesses reaping the rewards.
Lawyers, brewers, property valuers, pizza outlets and nursery owners are among those in the black as some Canberrans struggle to remain solvent during a global financial crisis, interest rate fluctuations and an escalating price of living.
ACT Law Society president and principal of Rod J.Barnett & Associates of Fyshwick, Rod Barnett, said, ”When times get tough people sue each other… There’s a great increase in our work.”
So much so that lawyers are ”going flat out” to meet demand, which shows that economic downturns can be lucrative, depending on which side of the desk you’re sitting on.
Solicitors are being called upon to help businesses recoup debts because ”they’ve got overheads and they’re desperately trying to keep their staff. So basically what they’re doing is just entering into recoveries in a more immediate way.” MrBarnett said.
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