Let the bad times roll...
Will law firms be affected by the recession? Some say the legal business is already in one. How many associates did Cadwalader Wickersham & Taft lay off this month? 35. How many associates did Thatcher Proffitt & Wood cut at the end of the year? 50.
What legal practice areas are likely to be recession-proof? Real estate. How much has O'Melveny and Myers billed in six months over the subprime collapse? More than $12.5 million.
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