The only pot of gold at the end of a rainbow in this economic climate might appear after a St. Patrick’s Day celebration of too much green beer. Only then might you see a leprechaun dancing around with dollars.
February was not a kind month for the economy and many are looking to Spring for a rebirth, a resurgence in the stock market. Even the law profession is being hit hard. We were saddened by the legal news of so many layoffs in mid-February. Many prestigious law firms were letting go of staff and attorneys.
It was reported by the ABA Journal, “After the DLA Piper news came word that Bryan Cave is eliminating 58 attorneys and 76 staff, that Holland & Knight is ‘restructuring’ and laying off approximately 70 lawyers and 173 staff, and, via ATL, that Faegre & Benson is cutting 29 attorneys and has offered a ‘voluntary separation package’ to an unknown number of staff. ”
The journal also noted that “Goodwin Procter confirmed that it is laying off 38 associates and 36 staff.” ABA Journal, Bloody Thursday
The news continues this week. Says Above the Law: “We are able to confirm that Shearman & Sterling is laying off administrative staff today.”
Is there and end in sight?
As for politicians hit — we know for sure Chris Dodd is taking a hit these days for a few cushy deals. According to Bob Whitcomb’s blog for the Providence Journal: “U.S. Senate Banking Committee Chairman Christopher Dodd knows where to get money — from those his committee helps oversee.'”
Read what Whitcomb has to say in light of new revelations that Dodd received money from “from the very dubious Stanford Financial Group.” New England News
Here is more on that scandal and also HELP FOR YOURSELF. New $550 Million Swindle and Help for the Rest of Us
We need an emotional stimulus package otherwise we might have to all put our noses into the grass and search for Four Leaf Clover. Is it any wonder that those on Wall Street are looking for love? Not too many of us are offering hugs. Wall Streeters Looking for Pricey Love Matches
Copyright 2009 Rita Watson