Legal Marketing & PR

Legal Job Losses Drop Off Sharply

By Larry Bodine

Further evidence that the legal profession  is in a recovery economy arrives in a new report that layoffs at law firms are nearing zero.

As the national unemployment rate remained steady in February, the number of legal industry jobs lost dropped to one-tenth of what it had been in January, according to the U.S. Bureau of Labor Statistics' monthly jobs report.

The legal profession shed only 100 jobs in February — substantially fewer than the 1,100 jobs that it lost in January — according to the report, released Friday.

Those numbers represented the second significant monthly decline for the industry. The sector lost 2,100 jobs in December and 2,900 in November — a steep difference compared to the 5,800 lost in October. The industry has shed 37,100 positions over the past year, according to BLS statistics, which tally net job losses.

For further details, see Law360.

Full post as published by Larry Bodine's LawMarketing Blog on March 10, 2010 (boomark / email).