As law firms consider the prospect of pay cuts, delayed starting dates, sharply reduced offers and more layoffs, a time bomb is set to go off this fall, when the same firms that recently laid off lawyers are due to start welcoming large groups of new lawyers, for whom they will have too little work. This does not seem to be a sustainable situation. If it's not, it will, at a minimum, force law firms to make a harsh choice between the lawyers they already have on staff and the ones they're about to welcome.
The Coming Law Firm Hiring Crisis
The American Lawyer
February 17, 2009