NYT Editorial Observer

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With the Downturn, It’s Time to Rethink the Legal Profession By ADAM COHEN April 1, 2009

The economic downturn is hitting the legal world hard. American Lawyer is calling it “the fire this time” and warning that big firms may be hurtling toward “a paradigm-shifting, blood-in-the-suites” future. The Law Shucks blog has a “layoff tracker,” and it is grim reading. Top firms are rapidly thinning their ranks, and several — including Heller Ehrman, a venerable 500-plus-lawyer firm founded in 1890 — have closed."

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Economic signs pointing down - MarketWatch

Economic signs pointing down - MarketWatch: "WASHINGTON (MarketWatch) -- The U.S. recession has been nearly forgotten in all the anxiety about the financial meltdown in the past few weeks. For those who care about the fundamentals, however, the coming week will feature a lot of data about the economy, much of it rather depressing."

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