Down times in 2009

March 8, 2010
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Was 2009 really the worst year for the legal market in the past 50 years? Apparently so, according to a report released earlier this month analyzing the legal market last year and trends expected for this year.

Hildebrandt Baker Robbins consulting firm and Citi Private Bank claim last year was really bad – so bad that most attorneys practicing now are too young to remember a worse time.

Demand for legal services declined at a faster pace in 2009 than in 2007 and 2008, outside counsel spending dropped, billing and collection realization rates fell, and many in the legal community lost their jobs. More than 5,000 attorneys lost their jobs last year with the top 250 law firms in the country; thousands more attorneys, paralegals, and other legal professionals lost jobs. I’d say last year was pretty bad.

Looking ahead to 2010, the report may see a glimmer of hope for recovery, but nothing to get excited about. Although fewer legal workers have lost their jobs recently, according to Bureau of Labor Statistics, there will still be cost-cutting measures, which could include jobs. In trouble could be partners, whose numbers grew during the downturn. Chances are profits per equity partner will be flat or up slightly, but it’s dependent on location, practice, clients, etc.

The report also emphasizes the impact rate increases during 2001 through 2007 had on the growth of law firms and the legal market. Firms often increased rates 6 to 8 percent each year, but now clients are pushing back. This push back is likely to stick around for a while. The report encourages firms to implement new models for pricing legal services, as well as recruiting and retaining attorneys, and partnering with other service providers.

It’s a “buyers market” right now. Have you seen any changes in your firm to respond to any of the issues addressed in the report?
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  1. Such things are no more elections than those in the late, unlamented Soviet Union.

  2. It appears the police and prosecutors are allowed to change the rules halfway through the game to suit themselves. I am surprised that the congress has not yet eliminated the right to a trial in cases involving any type of forensic evidence. That would suit their foolish law and order police state views. I say we eliminate the statute of limitations for crimes committed by members of congress and other government employees. Of course they would never do that. They are all corrupt cowards!!!

  3. Poor Judge Brown probably thought that by slavishly serving the godz of the age her violations of 18th century concepts like due process and the rule of law would be overlooked. Mayhaps she was merely a Judge ahead of her time?

  4. in a lawyer discipline case Judge Brown, now removed, was presiding over a hearing about a lawyer accused of the supposedly heinous ethical violation of saying the words "Illegal immigrant." (IN re Barker) http://www.in.gov/judiciary/files/order-discipline-2013-55S00-1008-DI-429.pdf .... I wonder if when we compare the egregious violations of due process by Judge Brown, to her chiding of another lawyer for politically incorrectness, if there are any conclusions to be drawn about what kind of person, what kind of judge, what kind of apparatchik, is busy implementing the agenda of political correctness and making off-limits legit advocacy about an adverse party in a suit whose illegal alien status is relevant? I am just asking the question, the reader can make own conclsuion. Oh wait-- did I use the wrong adjective-- let me rephrase that, um undocumented alien?

  5. of course the bigger questions of whether or not the people want to pay for ANY bussing is off limits, due to the Supreme Court protecting the people from DEMOCRACY. Several decades hence from desegregation and bussing plans and we STILL need to be taking all this taxpayer money to combat mostly-imagined "discrimination" in the most obviously failed social program of the postwar period.

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