Home | Business News | Browse by Publication | T | Trial

Trial lawyers seek safe passage through economic storms.

Publication: Trial
Publication Date: 01-JUN-09
Format: Online
Delivery: Immediate Online Access

Article Excerpt
Florida trial lawyer Spencer Aronfeld said he has recently noticed "an amazing phenomenon."

"People who graduated with me from law school 20 years ago and who had top opportunities with the biggest white-shoe firms--which, believe me, I did not--are now knocking on my door, asking me for work," said Aronfeld, who practices in a small firm in Coral Gables.

[ILLUSTRATION OMITTED]

All over the country, lawyers and law firms are scrambling for the lifeboats while the waves climb higher. Once considered recession-proof, law firms have been battered by the economy's downturn. According to the Web site Law Shucks, which posts a regularly updated Layoff Tracker, at press time, major firms had laid off more than 10,659 people (4,316 lawyers and 6,343 staff) since January 2008.

In April, the Georgia State Bar began holding monthly job-search and networking sessions for laid-off lawyers. The New York City Bar Association has started a brand-new career counseling service for its members. Among the hardest-hit members of the profession are recent law school graduates, who face dim hiring opportunities and reduced salaries.

There are still some bright spots. Bankruptcy, labor and employment law, and litigation are areas that many analysts say are still stable. And trial lawyers--accustomed to a businesslike approach and fluctuating incomes--are finding creative ways to navigate the stormy economic waters.

"I wouldn't say that personal injury work is depression-proof, but it is recession-resistant," said Larry Simon, a lawyer in Ridgewood, New Jersey, and chair of AAJ's Sole Practitioner and Small Firm Section. "For our lawyers, the big issue is what's happening with...

Access Full Article, Compliments of Goliath

Read the FULL article now - Try Goliath Business News - FREE!   
You can view this article PLUS...

  • Over 5 million business articles
  • Hundreds of the most trusted magazines, newswires, and journals (see list)
  • Premium business information that is timely and relevant
  • Unlimited Access

Now for a Limited Time, try Goliath Business News - Free for 3 Days!
Tell Me More   Terms and Conditions

Get Goliath Business News for 1 year - Just $99 (Save 65%)
Tell Me More   Terms and Conditions

Already a subscriber? Log in to view full article



More articles from Trial
New roof-strength standard is not enough, safety advocates say., June 01, 2009
Consequences of the confidentiality clause: confidentiality clauses ar..., June 01, 2009
It's not over until ...(settlements), June 01, 2009
Be ready for post-settlement tax issues: once a case is settled, what ..., June 01, 2009
Practice makes perfect visual presentations: organizing and preparing ..., June 01, 2009

Looking for additional articles?
Search our database of over 3 million articles.

Looking for more in-depth information on this industry?
Search our complete database of Industry & Market reports by text, subject, publication name or publication date.

About Goliath
Whether you're looking for sales prospects, competitive information, company analysis or best practices in managing your organization, Goliath can help you meet your business needs.

Our extensive business information databases empower business professionals with both the breadth and depth of credible, authoritative information they need to support their business goals. Whether it be strategic planning, sales prospecting, company research or defining management best practices - Goliath is your leading source for accurate information.