“And another hundred people just got off of the train.” That’s a line from Stephen Sondheim’s Company and it seems somehow appropriate as we consider this year’s NLJ 250: The biggest law firms in America are the train in this scenario, and they continued to off-load attorneys at a blazing clip in 2009.
Revised 2010 figures show that NLJ 250 firms employed 2,868 fewer lawyers than in 2009. Expand that view to 2008, and the headcount drain is a rounding error away from 10,000 attorneys. In the 34 years The National Law Journal has been surveying large firms to gather headcount numbers, there have never been multiyear declines of this magnitude.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
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]
