by Traverse Legal, reviewed by Enrico Schaefer - February 16, 2009 - Uncategorized
On Friday the 13th, Law.com reported 800 associates and support staff in some of the largest firms in the nation lost their jobs. For these people, Friday the 13th will always mean bad things. The reason given for these layoffs was a downturn in the economy. These large law firms are finding they have to make large cutbacks in order to make a profit. In some cases, the employees were given generous severance packages, along with outplacement counseling. One firm rescinded offers to incoming associates and cut its summer program. We may see clients of these large firms looking for other representation as the higher paid attorneys start doing work that the lesser paid associates did in the past. I want to thank OverflowLegal and SpartyLaw which turned me on to this post.
As a founding partner of Traverse Legal, PLC, he has more than thirty years of experience as an attorney for both established companies and emerging start-ups. His extensive experience includes navigating technology law matters and complex litigation throughout the United States.
This page has been written, edited, and reviewed by a team of legal writers following our comprehensive editorial guidelines. This page was approved by attorney Enrico Schaefer, who has more than 20 years of legal experience as a practicing Business, IP, and Technology Law litigation attorney.
