Recently it has been reported that the law firms in the USA are being badly affected by the global credit crisis. There have been reports in the US of the larger law firms making sudden redundancies, but the reports in the various logs and articles in the US legal news indicate that the actual reality is much worse. Apparently there are teams of lawyers being laid off, firms closing down right across the USA and very little work coming in to keep the remaining firms open and trading. The situation is fairly similar in the UK, except probably not as bad as that. In the last few weeks we have seen a large number of candidates register due to recent redundancies, but I have to say that most of the candidates I have seen coming through have been fairly high earning mid-level solicitors, and probably the sort that could be replaced by a firm with somebody more junior, and with a bit of investment, time and training could probably generate similar fee levels to a more senior solicitor on a h...
Award winning blog with 100s of articles on the legal profession, legal recruitment and legal job markets by Jonathan Fagan, MD of Ten-Percent Legal Recruitment, recruitment consultants based in the UK providing a full range of services for solicitors.