“The total number of attorneys working at the top 250 law firms plunged by 5,259 lawyers. Put another way, it’s as if all of the lawyers working at two firms the size of Jones Day vanished in 2009.”
This number – which is probably even larger than reported - is by far the largest decline in the history of National Law Journal reporting. This along with signs that alternative fee billing is quickly becoming expected of law firms, suggests changes in the legal industry that aren’t simply a result of the Great Recession.
Tags: Law Firms, legal practice, Linkedin
November 10, 2009 at 9:02 pm |
“it’s as if all of the lawyers working at two firms the size of Jones Day vanished”
No, unfortunately, the lawyers didn’t vanish… just the jobs.
November 10, 2009 at 9:37 pm |
How true!!