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“It was so cold last winter that I saw a lawyer with his hands in his own pockets!”

CB039966.jpgIn yet another sign that the economic downturn is ugly and getting worse, The New York Times reports that, contrary to popular belief, law firms are feeling the pinch as well.

It is easy to assume that an uptick in bankruptcies and corporate mergers & acquisitions would mean more work for attorneys, but evidently many of the biggest firms are shrinking their summer programs, and layoffs have started in many secondary markets. According to the article, fewer people are suing one another, So, ummmmm: Yay for the recession?

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The law firm I work at (as a paralegal) announced layoffs yesterday. Still waiting to hear if I stay or go. Apparently crappy economy means fewer companies wanting to hire foreign employees.