Story Highlights
- At least 2,149 attorneys have been laid off in 2009, according to Lawshucks.com
- Private firms are trying to place unemployed attorneys in public interest firms
- One firm will pay deferred associates $60,000 a year to work in the public sector
- Harvard Law School assistant dean: Tough times can be "tremendous opportunity"
(CNN) -- It was the best of times in 2004, when attorney Dave Dineen graduated from Boston University School of Law and landed a job at a top Massachusetts corporate firm, Foley Hoag LLP.
By 2007, the National Association for Law Placement was reporting the most promising year in two decades. Nearly 92 percent of graduating attorneys were employed, and the median starting salary at private practices had increased by $13,000 --to a total of $108,500 a year.
But times have changed.
In the worst economic crisis since the Great Depression, the legal industry is taking an unprecedented beating from the sputtering economy and housing meltdown. Dineen, 37, lost his job as layoffs and salary freezes have spiked at law firms across the country during the past three months.
Read more, follow link below:
http://www.cnn.com/2009/CRIME/03/16/lawyer.layoff.public/index.html?iref=topnews#cnnSTCText
No comments:
Post a Comment