A Study in Why Major Law Firms Are Shrinking
 

Even the lawyers are feeling the heat

HOT SEAT Hugh Verrier, chairman of White & Case, recently laid off 200 lawyers.

In his two years as chairman of White & Case, the venerable Wall Street law firm, Mr. Verrier had already laid off 70 young lawyers and shuttered offices in Bangkok, Dresden and Milan. He had watched top partners flee to competitors and suffered a depressive 2008 holiday party at Cipriani?s, which had half the budget of the prior year?s $500,000 event ? a Neroesque fete at the United Nations with fireworks and a band.

The full story here

http://www.nytimes.com/2009/06/07/ny...wt&twt=nytimes

they charged too much to start with thats why

Yep very true I guess a lot of people had it good for years now they are bitting the bullet

No study required. When businesses are suffering, they have less money for lawyers.