Law Firm Layoffs

Read this via one of the blogs at the "Daily Diary of the American Dream." Boys and gels: law firms are affected by the economy just like any other business and firms will lay off lawyers like GM will lay off assembly line workers. Blaming "greedy partners" for down-sizing is pointless because law firms cannot defy the laws of financial physics any more than dot-com businesses. I was a bankruptcy specialist at my first firm in the 1993 and was on the street by 1996 when insolvency practice cooled off. Moral of the story--lawyers like everyone else need to have more than one skill set to keep their options open.

Yips! from Robbo: Amen, Brutha. I still occassionally stop to put flowers on the grave of my telecom practice. Back in the boom-boom 90's, they couldn't hand out the corner offices fast enough. By the end, I recall the gallows humor prevalent at the FCBA seminars. R.I.P.

Posted by: LMC at 01:45 PM

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