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Ward Bower, principal at Altman Weil, a legal management consulting firm in Newtown Square, Pa., predicts many U.S.-based law firms will earn nearly 10% less in 2009 than they did in 2008 - performance that threatens to cause upheaval...

Author: /time Magazine | Title: Law-School Grads See Promised Jobs Put On Hold | 3/26/2009 | See Source »

After serving as a 2008 summer associate at Philadelphia law firm Morgan, Lewis & Bockius, Harvard Law School student Juan Valdivieso was offered a position as a full-time associate and was anxiously looking forward to joining the firm later this year...

Author: /time Magazine | Title: Law-School Grads See Promised Jobs Put On Hold | 3/26/2009 | See Source »

Then, in an instant, everything changed. On March 12, Valdivieso received a memo explaining that the sagging national economy had forced the firm to defer his position for a year. Suddenly, with two months remaining in his law-school education, the 28-year-old found himself tantalizingly close to a degree and no place to apply...

Author: /time Magazine | Title: Law-School Grads See Promised Jobs Put On Hold | 3/26/2009 | See Source »

...India's outsourcing giant WiPro (WIP) recently posted mediocre financial results, especially based on Wall St expectations. Its stock traded for $14 a little over a year ago. Recently it was as low as $5. Wall St. expects that the situation at the firm is going to get worse. The other large outsourcing operation in India, Infosys (INFY), is also doing poorly...

Author: /time Magazine | Title: IBM and the Rebirth of Outsourcing | 3/26/2009 | See Source »

...host of Fox's The O'Reilly Factor is A Bold Fresh Piece of Humanity New York Mayor Michael Bloomberg is one of the most generous men in America. By donating millions to charity each year, he sets an example and elevates the political landscape. He is firm without being mean, effective without doing harm. He is devoting his life to helping others...

Author: /time Magazine | Title: The TIME 100 | 3/26/2009 | See Source »

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