This article deals with the hazards of the economic downturn and how legal professionals and employees are responding to the stress involved. Economic deterioration is a major issue with the lawyers, among whom a high rate of suicide has been reported. Law firms are resorting to pay cuts, layoffs etc.
According to a preliminary draft of the monthly employment report out from the Bureau of Labor Statistics, the Legal Sector saw yet another decline in jobs, after February’s whopping loss of 2,900 jobs.
The new year is upon us, and that can mean only one question is at the forefront of most people's minds interested in the legal profession: do you really want to become a lawyer? With tuition rates on the rise and the American Bar Association telling people to think carefully before applying to law school, it would behoove you to give the question its fair due.