"While there's a sudden relevance to Biglaw layoffs, it's not nearly as dire as the past. How many lawyers were laid off in Biglaw (based on self-reported numbers) in 2009, widely considered the worst year for lawyer layoffs? Hint: Even this scary number is likely an underestimate, given the prevalence of stealth layoffs and Biglaw firms underreporting their real cuts."
Biglaw layoffs have gained sudden attention, but the scale is not as severe as in the past. In 2009, widely viewed as the worst year for lawyer layoffs, the number of lawyers laid off in Biglaw based on self-reported figures was significant. Even that figure is likely lower than the true impact because some layoffs occur without being publicly counted, including stealth layoffs. Biglaw firms may also underreport the real extent of cuts. As a result, the self-reported number from 2009 should be treated as an underestimate of the actual number of lawyers affected.
Read at Above the Law
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