When Companies Go Under, Law Firms Become Employment Casualties [Video]

From LawCrossing.com:

In recent months, when companies have been forced to succumb to mergers or bankruptcy in the wake of the economic crisis, lawyers who work for these businesses or their outside law firms may account for a number of the employment casualties, according to a NJBiz.com interview.

Stewart Michaels, chairman of Livingston-based Topaz Attorney Search, told NJBiz.com that while bankruptcy lawyers are in demand, attorneys who focus on areas like financing or mergers and acquisitions are suffering.

Michaels also said that small law firms may be well-positioned to ride out the poor economy because as companies consolidate and expand internationally, they want to work with outside law firms that have a presence in their local operating areas.

–Martine Beerman

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Posted by Erik Even on December 29, 2008. Filed under Law Firm News,Layoffs,Legal News. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry