Tough times for lawyers

November 9, 2009
Back to TopCommentsE-mailPrintBookmark and Share
It’s been a tough year for attorneys, especially associates, according to the National Law Journal’s 2009 NLJ 250. In fact, the publication reports that this is the worst year for attorneys as far as how many are practicing since it began counting lawyers at big firms 32 years ago.

Based on NLJ’s research, more than 5,200 attorneys are no longer working at the top 250 firms; associates and “other” attorneys were hit the hardest. The percentage of those attorneys shrank by nearly 9 percent each. Not surprisingly, partner employment remained about the same.

The NLJ estimates a 4 percent drop in attorney headcount as compared to last year. This is only the third time headcount has dropped since the NLJ has been keeping track of attorneys at the top firms and is the biggest drop it’s seen. The publication also believes this may just be the beginning of declining attorney numbers.

Several firms with Indiana ties made the top 250 list, including: Littler Mendelson at 45; Barnes & Thornburg at 87; Ogletree Deakins Nash Smoak & Stewart at 100; Frost Brown Todd at 113; Taft Stettinius & Hollister at 139; Baker & Daniels at 149; and Ice Miller at 169.

Of the big three based in Indiana, Barnes had the best results by jumping up nearly 20 places from last year. The firm even bucked the trend and added seven associates. Baker and Ice both dropped compared to last year. Baker added 12 attorneys, but reduced the number of associates by 24. Ice lost 16 attorneys and reduced its associate numbers by 13.

Are you surprised at how Indiana firms faired? Is this really just the beginning of the downturn for top law firms or will the economy improve in time for next year’s numbers to be better?
ADVERTISEMENT

Post a comment to this story

COMMENTS POLICY
We reserve the right to remove any post that we feel is obscene, profane, vulgar, racist, sexually explicit, abusive, or hateful.
 
You are legally responsible for what you post and your anonymity is not guaranteed.
 
Posts that insult, defame, threaten, harass or abuse other readers or people mentioned in Indiana Lawyer editorial content are also subject to removal. Please respect the privacy of individuals and refrain from posting personal information.
 
No solicitations, spamming or advertisements are allowed. Readers may post links to other informational websites that are relevant to the topic at hand, but please do not link to objectionable material.
 
We may remove messages that are unrelated to the topic, encourage illegal activity, use all capital letters or are unreadable.
 

Messages that are flagged by readers as objectionable will be reviewed and may or may not be removed. Please do not flag a post simply because you disagree with it.

Sponsored by
ADVERTISEMENT
  1. Are you financially squeezed? Do you seek funds to pay off credits and debts Do you seek finance to set up your own business? Are you in need of private or business loans for various purposes? Do you seek loans to carry out large projects Do you seek funding for various other processes? If you have any of the above problems, we can be of assistance to you but I want you to understand that we give out our loans at an interest rate of 3% . Interested Persons should contact me with this below details . LOAN APPLICATION FORM First name: Date of birth (yyyy-mm-dd): Loan Amount Needed: Duration: Occupation: Phone: Country: My contact email :jasonwillfinanceloanss@hotmail.com Note:that all mail must be sent to: jasonwillfinanceloanss@hotmail.com Thanks and God Bless . Jason Will

  2. Can I get this form on line,if not where can I obtain one. I am eligible.

  3. What a fine example of the best of the Hoosier tradition! How sad that the AP has to include partisan snark in the obit for this great American patriot and adventurer.

  4. Why are all these lawyers yakking to the media about pending matters? Trial by media? What the devil happened to not making extrajudicial statements? The system is falling apart.

  5. It is a sad story indeed as this couple has been only in survival mode, NOT found guilty with Ponzi, shaken down for 5 years and pursued by prosecution that has been ignited by a civil suit with very deep pockets wrenched in their bitterness...It has been said that many of us are breaking an average of 300 federal laws a day without even knowing it. Structuring laws, & civilForfeiture laws are among the scariest that need to be restructured or repealed . These laws were initially created for drug Lords and laundering money and now reach over that line. Here you have a couple that took out their own money, not drug money, not laundering. Yes...Many upset that they lost money...but how much did they make before it all fell apart? No one ask that question? A civil suit against Williams was awarded because he has no more money to fight...they pushed for a break in order...they took all his belongings...even underwear, shoes and clothes? who does that? What allows that? Maybe if you had the picture of him purchasing a jacket at the Goodwill just to go to court the next day...his enemy may be satisfied? But not likely...bitterness is a master. For happy ending lovers, you will be happy to know they have a faith that has changed their world and a solid love that many of us can only dream about. They will spend their time in federal jail for taking their money from their account, but at the end of the day they have loyal friends, a true love and a hope of a new life in time...and none of that can be bought or taken That is the real story.

ADVERTISEMENT