The legal industry is struggling to find enough work for its lawyers – and layoffs are beginning to bite — from fortune.com by Eleanor Pringle

Excerpt:

He said: “This is not simply a U.S. issue or a legal services issue. It is a global one.

“Any economic downturn will inevitably also hit the legal services sector. However many international law firms have practice areas that are both cyclical and counter-cyclical, so those differing components of the practice become busier to support that which is less so.

“We all hope that any downturn is short lived. Everyone has been through a lot these past few years, no business wants to have to restructure at this stage.”

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