Above the Law has now teamed up with Law Shucks blog in the US to better document layoff patterns at law firms both in the US & UK
They write:
This Week in Layoffs: 05.02.09
[Ed. note: Above the Law has teamed up with Law Shucks. Law Shucks has done excellent work translating all of the layoff news into user-friendly charts and graphs: the Layoff Tracker.]
Happy International Workers’ Day, comrades! In light of the scarcity of jobs, we expect few lawyers will be taking to the streets to protest poor working conditions this year.
Once again, mixed news on the broader employment front. Initial jobless claims unexpectedly dropped by 14,000, but continuing claims hit a record high for the 13th consecutive week. That mirrors what we’re seeing at the major law firms: layoffs are slowing down, but new work isn’t being created to vill the massive void.
By the way, Google is rolling out some cool new tools that allow you to view various statistics. Here’s a chart of the New York unemployment rates. Check out TechCrunch for more on the feature.
After the jump, we break down layoffs by region, plus a recap of other cost-management activities.
See the full article and links at
http://abovethelaw.com/2009/05/this_week_in_layoffs_050209.php
