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It’s a lot like the 2008-2009 financial crisis, except when it isn’t. Searching for comparisons to help map a trajectory out of the economic doldrums created by COVID-19 is only natural (and prudent), but the nature, speed and scope of the crisis presents a different and more complex challenge than a decade ago, especially for private debt. 

Patrick Smith

Patrick Smith, based in New York, covers the business of law, including the ways law firms compete for clients and talent, cannabis law and marketing innovation. Reach him at pasmith@alm.com or on Twitter at @nycpatrickd

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