I read with interest the WSJBlog’s take on the Morgan Lewis Bockius announcement, BigLaw Gloom, In Hopes of Avoiding Doom: Morgan Cuts 2010 Program.
The current economic conditions have been extremely detrimental to millions of people, and have lead to the shuttering of hundreds of businesses across the country. The legal industry has not been spared.
Ever since the Gen Y and Millenniums entered the legal work force the term “work life balance” started popping up in law firm hallways.
I really enjoyed Jordan Furlong’s post Time Bomb. If you haven’t had a chance to read it yet, please do. In this post, he summarizes The Economist’s special report on aging populations, A slow-burning fuse.
Like many legal industry pundits, consultants and visionaries, I am fascinated by what the legal industry might look post-recession.
Industry consultants and firm leaders alike anticipate law
Today seems to be the day for an economic reality check. And while some believe that the economic downturn is about to turn around for the legal industry, the legal industry, in reality, is still being hit hard job losses:
The U.S. legal sector shed 1,300 jobs in May, according to statistics released
In a recent post, Business Unusual in a Down Economy, I wrote about how the current economic conditions provide the right opportunity for law firms, law schools, etc. to introduce paid internships after graduating law school.
Kudos to our friends over at Drinker Biddle! Rather than defer their 37 first-year associates, they are
Today comes the news that Mark Levy, a recently laid-off attorney at Kilpatrick Stockton, committed suicide in his office.
As we all blog and gossip about law firm layoffs, salary roll-backs and job deferments, we cannot lose sight that behind each number is a man or woman, a father, wife, daughter, son, parent. They
The most anticipated issue of the American Lawyer, the AmLaw 100 (link to chart), is hitting the Internet and our in-boxes this week. Ohhhh, give me a bowl of popcorn and a strong cup of coffee … the numbers are in:
The 2009 AmLaw 100 – How Bad?? (really bad)
Law firms are cash operations. Like many of us in our personal lives, law firms exist month-to-month, or quarter-to-quarter. Live many of us, when times are tough, law firms rely on their credit lines to float the bills.
Just like many of us, law firms do not have a savings account for when times get