reuters wrote:Challenger, Gray & Christmas, an employment consulting firm, said the financial sector has outlined 21 percent more job cuts so far this year than it did in 2010.
I'm actually haven't looked at or thought about this kind of data, so I couldn't tell you off the cuff the extent to which this is normal or the extent to which this matches the wall street layoffs that preceded law firm trimming.
For those of you who are new to the legal sector, it's only relatively recently that we've emerged from massive layoffs at law firms. Leaving aside the biggest events, I remember sometime in the spring of my 1L year (so like March 2010) when we realized it had been a week since layoffs were reported on ATL, which seemed like a long time.
Anybody have more insight into what this might mean for law firm hiring?