How do patent lawyers do in a recession?

BlackEnterprise has text including a quote by Mark Kesslen:

"In a good economy people build portfolios and protect their innovations. In a recession, they look for ways to generate royalty revenues or litigate to protect their patents. They also look to make sure their licensing agreements are being enforced properly," Kesslen says. "We continue to see growth from mid-sized pharmaceuticals and life science companies and we're seeing more start-ups in Internet and telecom businesses." Kesslen says the state may see a slowdown in patent applications in the summer months as companies adjust their budgets and start to confront the recessionary period we appear to be in now.