Friday, November 6, 2009

Bankruptcy Jobs Available for Unemployed Attorneys

Although bankruptcy law is booming, other areas of law are suffering. An interesting article was published by Brian Baxer in The American Lawyer declaring that 5,800 legal jobs were lost in the month of October, 2008. After reading the article below, I urge you to consider contacting laid-off attorneys or attorneys who can't find a job after law school. Tell these attorneys to consider focusing on bankruptcy law. These attorneys can gain great bankruptcy training at

Here is Baxer's article:

"According to a monthly jobs report released Friday by the U.S. Bureau of Labor Statistics, the nation lost 190,000 jobs in October as the unemployment rate jumped to 10.2 percent, its highest point since 1983.

The legal sector wasn't spared. When data is seasonally adjusted, the legal field shed another 5,800 jobs in October. When not seasonally adjusted, the legal industry actually gained 1,500 jobs, but that’s likely a result of summer associates being weaned from law firm payrolls.

In September, seasonally adjusted BLS data showed the legal sector losing 2,000 jobs.

After flat-lining for a few months, law firm layoffs continued apace in October, with Cooley Godward Kronish getting things started by letting go of 58 staffers. That was followed by Foley & Lardner cutting 39 lawyers, Wilmer Cutler Pickering Hale and Dorr shedding 57 staff members, and Drinker Biddle & Reath letting go of 22 associates and switching to a merit-based compensation system.

Squire, Sanders & Dempsey also announced plans to let go of between 20 and 25 "timekeepers" as part of a firmwide austerity program. And according to a recent analysis by sibling publication Legal Times, New York firms operating in Washington, D.C., saw their overall headcount decrease by 2.8 percent between April 2008 and April 2009.

But before associates turn their attention to bonus season--click here and here for stories on Cravath, Swaine & Moore’s bonus season kickoff--some firms haven’t finished with year-end layoffs.

On Thursday Dickstein Shapiro announced a second round of layoffs affecting 3 percent of associates and counsel-level attorneys and 10 percent of non-lawyer staff. That equates roughly to six lawyers and 47 staffers. The firm previously let go of 10 associates last January."
Warmest Regards,

Bob Schaller

Your Bankruptcy Advisor Blog
By: Attorney Robert Schaller (Bob's bio) of the Schaller Law Firm
Click for Bankruptcy Lawyer Job Opportunities.

Bob is a member of the National Bankruptcy College Attorney Network, American Bankruptcy Institute and the National Association of Consumer Bankruptcy Attorneys.

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