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.
Personal career assessments and tallying of your strengths and weaknesses is essential for keeping you ready for changes. It is common for in-house attorneys and other legal staff to face the axe on short notice for any number of reasons.