Another law firms, Howrey, announced this week that they too will begin an apprentice program for their 1st and 2nd year associates.
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
On a daily basis I look for inspiration for work, for the blog, for my personal life. However, it’s been hard to find “inspiration” when every article seems to be about law firm layoffs, job deferrals, or withdrawn job offers, with or without a golden parachute.
In the comments section of an
Michael Zolno had a great comment to a recent post of mine, Law Firm Layoff Tragedy, which I would like to share in its entirety:
I too want to express my condolences to the family and friends of Mr. (Mark) Levy. But I also want to do something else, ask – How did this
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
I came of age in the era of Ronald Reagan, Trickle-Down Economics and Gordon Gekko. In my lifetime, the economy always got better, jobs always paid more, and there was something bigger and better down the road.
Not so for today’s associates and law students. The trends that I am seeing do not
I left Big (trying to be Mega-) law several years ago for a much smaller (75 attorneys) boutique. I’ve never been happier.
Personally, I find the Big Law model to be broken. Year after year, I would see rates go up, and partners hit a wall with what their clients would pay. Good partners, with
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
As more and more law firms grapple with the economy, business as usual will never be the same for the legal industry.
We have watched, over the past few months, as AmLaw 200 firms shed thousands of attorneys and staff. And while law firm layoffs at Latham, White & Case, Pillsbury and
I had an interesting query today: A partner asked if I would recommend a 3L accept a job offer from a specific AmLaw 100 firm. On the one hand, it has to be nice to have a job offer in today’s economy. On the other hand, the firm was caught up in the recent wave