Word: firming
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...church. Working part-time at a bookstore. Selling real estate. All are worthwhile pursuits, but not exactly what Peter Marshall thought he'd be doing after he graduated from Vanderbilt Law School this spring. Particularly since he received a coveted offer last September to join a white-shoe Chicago firm, Kirkland & Ellis...
...attorneys have been laid-off since last September, according to industry website Lawshucks.com. "I'd love to take the money and go backpack around Thailand," says David Kirchblum, who graduates from Boston College's law school next week and had the start date for his job at New York firm Milbank Tweed pushed back to January 2010. "But if I suddenly have to find a new position, that gap is going to be difficult to explain...
...signals from the video game industry in April were troubling. Sales of games dropped 23% and game console sales were down over 40%, according to research firm NPD. (See pictures of the history of video games...
Recessions are supposed to be a good time for small companies to grab competitors' business and grow - but if Britain's small cap market is anything to go by, many of those firms are struggling. The Alternative Investment Market (AIM), the London Stock Exchange's junior market for dynamic and fast growing smaller firms, has been hammered over the past year. The main index of its shares has slumped by 50% since the same time last year, far more than the losses on the FTSE 100, an index of Britain's leading shares. In the opening quarter...
...already listed on AIM has soured, too. For the first time in its 14-year history, more companies left the exchange than listed on it last year. The reasons aren't hard to come by. In a survey of the businesses delisting in the year to April by law firm Trowers & Hamlins and accountants UHY Hacker Young, financial pressures or insolvency, as well as the cost of maintaining an AIM listing - paying for non-exec directors and other services can add up to $300,000 a year - accounted for a large chunk of those leaving. Others had been dumped...