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An estimated 1-minute read

US lawyers safe again!

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Li-LegallyIndia_sml_logoGood news: no lawyers were laid off in US Biglaw last week - the first time since records began (this year). But how have Indian lawyers fared in the downturn?

US blawg Abovethelaw.com teamed up with fellow blawgers Lawshucks to produce a beautiful graph of number of lawyers retrenched versus time.

And lo-and-behold, a trend is clearly visible - lay-offs spiked heavily in March, then began dropping off gradually until this week, when for the first time this year all US lawyers apparently held on to their jobs.

Although the US economy and lawyers are unlikely to be out of the woods yet completely - almost 600 US lawyers still lost their jobs in July and the country overall saw an increase in initial jobless claims to 558,000 last week.

Nevertheless, in the US and UK, lawyers' jobs were amongst the first professions to get hit by the downturn, exhibiting as they do exposure and sensitivity to many sectors.

This could also mean they will be at the vanguard of the recovery.

In India, by contrast, retrenchment has often been talked about in hushed tones with many firms denying any took place whatsoever.

What has been your experience?

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