Word: legalizing
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...many associates, some work is better than no work at all. The legal industry has seen its share of layoffs in recent months - according to industry website Lawshucks.com, at least 2,100 attorneys have been laid off in 2009, bringing the total to more than 3,000 since January...
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...
Valdivieso certainly is not the only casualty of creative downsizing in the legal industry these days. As the nation's economic climate flounders and legal work dries up, a growing number of large and midsize law firms are eschewing layoffs by redistributing or deferring young associates instead...
...undisputed upside to the current trend is that public-interest and legal-aid firms will finally receive some much needed help. Bob Glaves, executive director of the Chicago Bar Foundation, says these organizations are experiencing a "perfect storm" of dramatic cutbacks and an expanding need for services. "These groups desperately need assistance with a crisis of their own," says Glaves, whose organization is the charitable arm of the Chicago Bar Association. "Programs that help them and provide associates with real-world experience benefit everyone involved...
...related development, a Beijing law firm known for defending dissidents and others seeking redress from the authorities was shut down for six months in late February. The Yitong law firm, which defended dissident Hu Jia who is now serving a three-year sentence for subversion, was ordered shut by legal authorities, ostensibly for allowing one of its lawyers to work at the firm without a license...