Comments on: The Month in Layoffs – August 09 http://lawshucks.com/2009/09/the-month-in-layoffs-august-09/ A self-deprecating look at life in and after BigLaw Fri, 19 Mar 2010 14:03:28 -0400 http://wordpress.org/?v=2.9.2 hourly 1 By: Last Week in Layoffs: 09.21.09 | Legal Help and Advice Blog http://lawshucks.com/2009/09/the-month-in-layoffs-august-09/#comment-1315 Last Week in Layoffs: 09.21.09 | Legal Help and Advice Blog Mon, 21 Sep 2009 15:11:21 +0000 http://lawshucks.com/?p=3116#comment-1315 [...] the slowdown in law-firm layoffs is a leading indicator? The activity in our little corner of the economy, after the jump.As [...] [...] the slowdown in law-firm layoffs is a leading indicator? The activity in our little corner of the economy, after the jump.As [...]

]]> By: Onions http://lawshucks.com/2009/09/the-month-in-layoffs-august-09/#comment-1296 Onions Tue, 15 Sep 2009 14:24:16 +0000 http://lawshucks.com/?p=3116#comment-1296 guest (the lower case one) - are you top 5% in your class? guest (the lower case one) – are you top 5% in your class?

]]> By: Guest http://lawshucks.com/2009/09/the-month-in-layoffs-august-09/#comment-1289 Guest Sun, 13 Sep 2009 01:55:13 +0000 http://lawshucks.com/?p=3116#comment-1289 No offense, but this is completely unhelpful without some indication of where you go to school (T14? Probably not ... T50 at least?) You can be a 2L law review member in the top 5% of your class at Golden Gate University Law School and would be in the same situation no matter what the state of the economy. No offense, but this is completely unhelpful without some indication of where you go to school (T14? Probably not … T50 at least?)

You can be a 2L law review member in the top 5% of your class at Golden Gate University Law School and would be in the same situation no matter what the state of the economy.

]]> By: guest http://lawshucks.com/2009/09/the-month-in-layoffs-august-09/#comment-1285 guest Wed, 09 Sep 2009 02:15:22 +0000 http://lawshucks.com/?p=3116#comment-1285 Okay so big law isn't laying people off at such a high rate right now...but as a 2L law review member, top 5% in my class, I can tell you that the outlook for 2Ls still sucks. We are truly the lost class. I'm top 5% and have gotten no call-backs from 7 biglaw firms I have on-campus interviewed with (and I'm not socially inept or a freak!). I haven't even been given the courtesy of a response either way from two biglaw firms and it's been a month. For future proof of the horrible outlook for my poor lost class, the number 2 ranked girl in my class also received zero call-backs. I was however offered a great summer associate position at a medium sized firm (about 50 attorneys) in a medium-sized city and accepted that offer today, but I'm one of very few who even has that. Okay so big law isn't laying people off at such a high rate right now…but as a 2L law review member, top 5% in my class, I can tell you that the outlook for 2Ls still sucks. We are truly the lost class. I'm top 5% and have gotten no call-backs from 7 biglaw firms I have on-campus interviewed with (and I'm not socially inept or a freak!). I haven't even been given the courtesy of a response either way from two biglaw firms and it's been a month. For future proof of the horrible outlook for my poor lost class, the number 2 ranked girl in my class also received zero call-backs.

I was however offered a great summer associate position at a medium sized firm (about 50 attorneys) in a medium-sized city and accepted that offer today, but I'm one of very few who even has that.

]]> By: lawshucks http://lawshucks.com/2009/09/the-month-in-layoffs-august-09/#comment-1284 lawshucks Tue, 08 Sep 2009 23:10:45 +0000 http://lawshucks.com/?p=3116#comment-1284 congratulations! your parents must be so proud congratulations! your parents must be so proud

]]> By: lawshucks http://lawshucks.com/2009/09/the-month-in-layoffs-august-09/#comment-1283 lawshucks Tue, 08 Sep 2009 23:10:27 +0000 http://lawshucks.com/?p=3116#comment-1283 That's definitely one factor, but it just means they'll end up top-heavy - and then in a few years when things turn around, they'll have no mid-level and senior (depending on how long it takes) associates who can lawyer their ways out of a paper bag. That's why associates from classes around 97-98 got so much experience - layoffs in 94-95 meant second and third years in 99-2000 when things started booming had to run their own deals. Summer is also just a quieter time for a whole bunch of reasons, not least of which is vacation plans. It's also awful for collections, so that's not helping anyone who was waiting for cash flow to pick up like the markets have. That's definitely one factor, but it just means they'll end up top-heavy – and then in a few years when things turn around, they'll have no mid-level and senior (depending on how long it takes) associates who can lawyer their ways out of a paper bag. That's why associates from classes around 97-98 got so much experience – layoffs in 94-95 meant second and third years in 99-2000 when things started booming had to run their own deals.

Summer is also just a quieter time for a whole bunch of reasons, not least of which is vacation plans. It's also awful for collections, so that's not helping anyone who was waiting for cash flow to pick up like the markets have.

]]> By: Guest http://lawshucks.com/2009/09/the-month-in-layoffs-august-09/#comment-1282 Guest Tue, 08 Sep 2009 21:58:12 +0000 http://lawshucks.com/?p=3116#comment-1282 Maybe the trend in fewer layoffs can be attributed to the fact that firms have spent the last couple of months "laying off" employees who wouldn't be counted as such -- i.e. revoked offers to incoming first year associates and no-offers to summer associates. Maybe the trend in fewer layoffs can be attributed to the fact that firms have spent the last couple of months "laying off" employees who wouldn't be counted as such — i.e. revoked offers to incoming first year associates and no-offers to summer associates.

]]> By: michael http://lawshucks.com/2009/09/the-month-in-layoffs-august-09/#comment-1280 michael Tue, 08 Sep 2009 21:35:12 +0000 http://lawshucks.com/?p=3116#comment-1280 First First

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