We were strolling around the Web yesterday and found a delightful reminder of the days before Armageddon.
On January 14, 2008, The Lawyer ran an article entitled, “Cadwalader layoffs may spark copycats.” http://latimesblogs.latimes.com/lanow/2009/07/la-supervisors-sues-to-blocks-state-budget-cuts-other-local-governments-expected-to-join.html
Score one for The Lawyer and its chairman, Greg Markel, for catching on substantially ahead of the curve.
Since then, of course, the nation’s big law firms have laid off 12,829 people – 4,985 lawyers and 7,844 staff. http://lawshucks.com/layoff-tracker/
As Markel said in January 2008, “no one knows the future.”