Loss of Legal Jobs

As US Law Firms continue to cut back legal jobs, the legal market dwindles. The U.S. legal sector has reportedly lost 1,300 jobs in January alone, as widespread cuts across a range of industries pushed the national unemployment rate to 7.6 percent, according to U.S. Department of Labor statistics released Friday. The plunge likely reflected a series of continued cutbacks among several major law firms as a slowdown in clients' business takes its toll on the need for legal work. Read more here.

The most recent to show the door to its attorneys and staffers is Hinshaw & Culbertson LLP. Hinshaw & Culbertson LLP has reportedly handed out pink slips to 11 attorneys and 17 staff members as a cost-cutting measure in tough economic times. The Chicago-based law firm's managing partner, J. William Roberts, said the layoffs were made across the board last week and did not target a particular practice group or office.