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Christmas Break in These Uncertain Times

December 24, 2008

Merry Christmas to all and enjoy the upcoming holiday break (for those of use who are fortunate to get Friday off too)!

It’s definitely not the most normal of times in which we live.  You need only pick up The Legal Intelligencer to see news just about every other day of firms laying off significant numbers of staff, including attorneys (Great Christmas present, right?).  Other firms have instituted hiring freezes.  Many third year law students don’t yet have jobs, and some who had offers have found them either rescinded or altered.  It doesn’t exactly instill a lot of confidence in the state of the legal market.

But we’ve gone through tough times before.   Things always rebound, and firms will eventually start hiring folks soon.   Sure, that’s little solace for folks who are jobless.  Give it some time, though, and things’ll get better.

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One Comment leave one →
  1. January 12, 2009 2:45 pm

    2009 will mark the beginning of a new era for our country. Record High unemployment rates. Companies going bankrupt. Our clients losing their jobs. The Labor Department reported this past few days that it is the highest unemployment rate since 1945.

    The Los Angeles Times reported that the nation’s unemployment rate rose to an eye-popping 7.2% in December and noted more alarming than the bare numbers was the trend line: The economy has lost 2.6 million jobs in the last 12 months, but 75% of them vanished in the last four months, with 524,000 jobs lost in December alone.

    Lawyers need to plan for the possibility of layoffs and plan accordingly. In private firms, lawyers who are good at rain making will stand a better job of not being let go.

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