Jan

9

Market Fears

January 9, 2009 | Leave a Comment

The Lawyer reports that:

There’s only one story anyone is interested in at the moment: the goings-on at Clifford Chance. Yesterday the firm announced that it was axing up to 80 associates and putting 880 London lawyers in consultation.

The effects of the current market conditions are being felt everywhere and the law firms are not being spared.  In a survey by “The YouGovCentaur” its results show that the uncertainty has spread down all levels with only 9 per cent of associates felling strongly that they would be able to find another job easily.

Worryingly the ­figure slumped to just 6 per cent of those at firms with turnovers of between £25m and £50m, which roughly equates to the bottom half of the top 100 firms.


Comments

You must be logged in to post a comment.

Name (required)

Email (required)

Website

Speak your mind