Where's the Real Pain?

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It's hard to remember that, not so long ago, many considered the legal profession to be recession-proof. Now there are several web sites about the profession that carry "Layoff Lists" showing the dozens of firms that have shed thousands of staff, associates or partners. Judged by such evidence, the headline in The Wall Street Journal not too long ago seems to symbolize a widespread collapse: "Recession Batters Law Firms, Triggers Layoffs, Closings."

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Ed Poll, LawBiz | Attorney Advertising

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