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BigLaw: Senior Associates Can Still Learn New Tricks

By Liz Kurtz

Originally published on July 6, 2009 in our free BigLaw newsletter. You probably know one or more casualties of the recession. Reports in the legal ? and non-legal ? press have described the dramatic toll the economy has taken on the legal profession, and many of us have experienced (or at least witnessed) hard times. As reported on Lawshucks.com's notorious "Layoff tracker," 10,550 people have lost their jobs at major law firms in calendar year 2009 alone. Where do these lawyers go when their big firm jobs die? Some of them, of course, go straight to the ranks of the unemployed, where they remain for varying durations. Others are fortunate enough to benefit from tidy severance packages or firm-wide initiatives, such as the much-publicized "Sidebar" program instituted at megafirm Skadden, Arps, Slate, Meagher & Flom, which essentially pay attorneys to find their bliss elsewhere...continue to full post

Full post as published by TechnoLawyer Blog on July 13, 2009 (boomark / email).