We haven’t been in for a couple of weeks.. layoffs have slowed down but by no means have they ground to a halt as LawShucks figures will attest..
Law Shucks report:
As of June 14, 2009, over
- 12,542 people have been laid off by major law firms (4,874 lawyers / 7,668 staff) since January 1, 2008
- 10,550 (3,944 / 6,606) people have been laid off from law firms in calendar 2009
- 308 (63 / 245) have been laid off in June.
Because of the heavy layoff activity this year Law Shucks have improved their index and analysis of law firm layoffs .. this is what you’ll now find at http://lawshucks.com/layoff-tracker/
Index
As traffic has increased, this page’s performance has diminished. In order to increase performance, we’ve moved many of the interactive historical charts to separate pages.
- Analysis
- Current and Prior Months
- Rolling 12 Months
- Top Ten Firms by Layoff Count
- Methodology
- Raw Data
- Credits
We write monthly summaries of layoff activity.
- May 2009
- April 2009
- March 2009
- February 2009
- January 2009
We also write weekly summaries. That page is automatically updated to archive every post in the series as they go live.
Above The Law has the latest commentary.. writing
That’s it? We’re looking for that one perfect week of no layoffs and we lose it to a Tennessee firm and two UK firms? So much for midsize firms being a safe harbor. The dream of a week without layoffs lives on. Instead, we’ll catch up on the regular activity. The trend of initial jobless claims declining continues, with new applications down to January levels. Same old song and dance, though, as total unemployment continues to climb, setting a record for the 19th straight week.
Businesses are slowing staff reductions as signs emerge that the worst recession in at least five decades may end in the second half of 2009. Still, economists in a Bloomberg News survey predicted the unemployment rate will climb to 10 percent by year-end and restrain consumer spending, muting any recovery.
Full Article at http://abovethelaw.com/2009/06/this_week_in_layoffs_061309.php
