I know there are a lot of eager law students among the ranks of Liberal and Conservative bloggers. I also know the legal profession isn't immune to the effects of severe recession. I'm sure bankruptcy lawyers are doing great and matrimonial and criminal lawyers are probably doing just fine but this is a pretty grim time for a lot of corporate lawyers, especially the solicitors.
One of America's largest law firms, Latham & Watkins, has announced it's shedding 190-lawyers and 250-paralegals and support staff. Now, to keep that in perspective, remember that L&W has 270-lawyers in Washington alone and 2,000 world wide. Still, a 10% cut this early in the recession, leaves one to imagine what lies ahead?