As evidence of the on-going transformation in the US legal industry as of May 9, 2009, just under 12,00 people have been cut from major US law firms since the start of 2008, according to Lawshucks.com. Just under 10,000 in 2009. 576 for May alone.
Though the level of layoffs appears to be declining this represents a fundamental shift in law firm operations and profit models.
The Fourth Tool: The Budget
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