Any vestige of decorum is gone. The holidays, it appears, won't be layoff-free.
In Abovethelaw.com, Elie Mystal reports that he got word that Faegre & Benson cut 6 to 10 attorneys as the Thanksgiving weekend started. That was in the midwest.
Here in the New York Metro area we can expect law firms affiliated with financial markets to leverage the Dubai debt default threat - to the tune of $60 billion - as an urgent reason to lay off and sadly inform the deferred not to bother waiting around for a start date. The Great Recession, especially if it's a double-dip, is a use it or lose it situation to get rid of employees. It doesn't matter a bit if the law firm is doing well or not.
Yeah, 21st-century capitalism ain't pretty.
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