09/29/11
Don't feel too bad for the attorney’s whose firms may have died
According to a study by Emory University business professor Christopher Rider, out of the 1426 lawyers who lost their jobs when Heller Ehrman, Thelen, Thacher Profitt Wood, WolfBlock, Dreier, and Morgan & Finnegan dissolved, 88 percent of the lawyers found new employment. So, we need not feel bad for the attorneys of those six firms because by now, a vast majority of them has found new jobs. 65 percent of the lawyers got associated with law firms listed on the NLJ 250, which contributes the largest law firms in the country based on attorney head count. An upward mobility was reported because of better coordination between lawyers and their co-workers.
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