Thursday, February 12, 2009
Above the Law almost imploded today with a stream of steady negative layoff news. As of noon, Dechert, Bryan Cave, Goodwin Procter have all axed dozens of associates. Apparently, more layoff news is on the way.
I am sorry to say that anyone who is expecting an uptick in the temporary document review market this year is going to be sorely disappointed. Not only do we have to compete with dozens of highly qualified out of work former associates, but the floodgates opened by the ABA Indian legal outsourcing opinion will continue to suck out of the country any last remaining remnants of legal scrap work.