With all the eagerness to be part of the BigLaw leagues, it is very easy to be blinded by the glamour and overlook many of the disadvantages of BigLaw. Sure, people like to be associated with the big names on BigLaw firms, but most will stay just that: an associate. When bad times hit, BigLaw firms look to outsource -- starting with you.
If you're part of a small firm, you can take steps to weather the economic storm and also take the driver's seat. Instead of firing your people, work with them so that they can telecommute. And of course, outsource the work that doesn't require your immediate attention or skill -- hopefully without much tears.