The Lougheed family knows only too well Albertas glorious booms as well as its painful, discouraging, and devastating busts. There has been a member of the family in the law in Calgary in every generation since 1882. Lougheed knows this city and the province like few others. He says law firms are not immune to Albertas current economic realities, but he characterizes the mood in the citys law offices as guarded yet optimistic for the long term. In Lougheeds view, the oil and gas industry is undergoing global changes and Calgary is part of that. We are in this together with our clients and we will come out of this cycle with them, too.
Take a walk around Calgarys downtown and you cant miss the evidence of the collapse in the price o…
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