Those who monitor the legal economy believe that the largest of firms will continue to feel the economic squeeze, possibly resulting in layoffs at these firms or even dissolution of a few more of them. Corporate clients of large firms are exerting pricing pressure (read: huge bills, high rates for new associates, and lack of attention to cost cutting continue to be less acceptable). What is the takeaway? Being a corporate attorney today means being in tune with cost-sophisticated clients. One needs to justify expenses carefully, and understand that clients often want the most cost-effective solution—not necessarily the one that results in a ton of billable hours. Project management and problem solving skills may be the most useful ones to develop.