Friday’s monthly jobs report from the U.S. Bureau of Labor Statistics showed a decline of over 700,000 jobs during the first two weeks of March, including 1,700 in the legal industry. Given the nearly 10 million unemployment claims in the last two weeks, the new figures offer just a small glimpse of the job losses ahead.
But there are some differences from the last major recession that suggest law firms might—might—not be forced to make cuts as deep as they did 10 years ago.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]