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Simple English definitions for legal terms

shakeout

Read a random definition: Engrosser of the Great Roll

A quick definition of shakeout:

Shakeout: When there are too many businesses in an industry and they can't all make money, some of them will have to close down. This is called a shakeout. It happens when there is a lot of competition or prices are going down. The weaker or less successful businesses are the ones that usually have to close.

A more thorough explanation:

Definition: A shakeout is when weaker or unproductive businesses in an industry are eliminated, especially during a time of intense competition or when prices are decreasing.

Example: During the recession, many small businesses were forced to close due to the economic shakeout.

Explanation: The example illustrates how a shakeout can occur during a period of economic decline. As businesses struggle to stay afloat, those that are weaker or less productive may not be able to compete and may be forced to close. This can lead to a consolidation of the industry, with stronger businesses surviving and potentially gaining a larger market share.

shaken-baby syndrome | sham

General

General chat about the legal profession.

General >T14 Off Topic

👍 Chat vibe: 0 👎

lilypadfrog

13:01

i hope u guys would put me down like a dog that bit a baby

Trismegistus

13:02

@texaslawhopefully: i saw 3/4 down alphabet then 30- mins later 1/2 down alphabet

texaslawhopefully

13:02

so they're still calling?

Trismegistus

13:03

that i dont know

KeenHeartbreakingRattlesnake

13:03

the Penn e wave is about to cook me

atwatodbit

13:03

@sadpadresfan: did you get your Cornell scholly with your A at the same time? I think they gave me nothing...

lilypadfrog

13:04

tex also got cornell scholly ask him

texaslawhopefully

13:04

there's a form you fill out

texaslawhopefully

13:04

and they'll get back to you within a few days

texaslawhopefully

13:04

https://support.law.cornell.edu/FinancialAid/ScholarshipForm/

sadpadresfan

13:04

@atwatodbit: they emailed me a day after submitting the form

atwatodbit

13:05

ah ok, i've seen that, just need to get parental info then. just making sure

sadpadresfan

13:05

Feeling fortunate and its my top choice as of now haha

lilypadfrog

13:06

what if you fill this out and you haven’t been admitted? just a next level move? they probably have to let you in then

PerpetualCheerfulBeaver

13:06

I applied to all my places in late september and am still waiting to hear back. ive missed all three types of waves (WL,R,A) am i screwed??

texaslawhopefully

13:07

Your guess is as good as mine. I'm in the same boat for most schools

Trismegistus

13:07

begging chicago for an A

atwatodbit

13:08

the vast majority of the t14 has not hit 50% of their As, many have not even hit 25%. zero reason for panic

PerpetualCheerfulBeaver

13:08

Thank you texas!

choosingpeace

13:08

missing CLS and Penn waves im so screwed

choosingpeace

13:08

i applied early too i hate everything im crashing out im crashing OUT

PerpetualCheerfulBeaver

13:08

I literally have no experience in this type of stuff, but if i get waitlisted, should i send an email about continued interest?

lilypadfrog

13:09

im so nonchalant

lilypadfrog

13:09

i will probably hear something back eventually

texaslawhopefully

13:10

I wish I could be like you lily

Trismegistus

13:10

im actively losingh my mind man

choosingpeace

13:10

@texaslawhopefully: lmaoo same Im crashing out so bad like it's never been this bad

texaslawhopefully

13:11

I need Chicago on Friday

Trismegistus

13:11

me too

Trismegistus

13:11

sixty coffees is having an insane cycle

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