Just from the top 250 firms (i.e. a small percentage of total lawyers actually), over 5000 jobs have been lost.
This is the first time the number of lawyers has dipped since 1978.
I thought this stat was interesting: "The number of attorneys in 2009 sank to 126,669 lawyers, compared with 131,928 attorneys last year. In 2008, the number of attorneys increased by 4.3 percent."
Of course, if you read my blog any at all, you should know what perked my ears up at this statistic. There are 45K law student graduates pumped into the market yearly. Isn't it funny/sad/pathetic/absurd that the number of graduates is 36% of the total number of lawyers yearly? Wow... add to that, the number of lawyers is dwindling and it sounds like a recipe for disaster.
Of course, what I found the MOST interesting about this article was that it only covers the news in top firms. The top 250 firms represent the the heaven of the legal industry. So if the news in paradise is bad, how is it in the depths of hell, i.e. solos, small firms, public interest?