New Record Set For Lawyer Layoffs In February

by Traverse Legal, reviewed by Enrico Schaefer - March 17, 2009 - Unintended Consequences

LAW360 reports that 1045 lawyers from around the globe were laid off in the month of February and the number of layoffs is expected to increase in the coming months.   See the full analysis here.

February marked the most treacherous month so far in a slew of layoffs in the legal industry that began building last fall as the economic crisis set in, but the brutal trend appears to be accelerating as March's numbers continue to rise by the day, Law360's analysis shows.

About 1,045 lawyers worldwide — the bulk of them associates — received pink slips in February, nearly double the number of layoffs in October, the second-worst month in the past…

📚 Get AI-powered insights from this content:

Author


Enrico Schaefer

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.

Years of experience: 35+ years
LinkedIn /Justia / YouTube

GET IN Touch

We’re here to field your questions and concerns. If you are a company able to pay a reasonable legal fee each month, please contact us today.

#

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.