As shelter-in-place orders to combat the novel coronavirus went into effect, businesses of all types were forced to shutter or drastically scale back. Even those that continue to operate remotely are seeing revenues drop as the economic impact spreads.

Law firms are no exception. While many firms have gone virtual, that does not shield them from the same issues affecting all businesses. Firms have responded by cutting salaries, delaying partner disbursements and furloughing staff. Such cost-cutting measures are the easiest way to bolster resiliency in the short term.

As the economic fallout from COVID-19 continues however, firms focusing on their long-term health will likely be the most resilient. The good news is that there are ways to build a firm that's as recession-resistant as possible.