Since late 2000, as every attorney knows, there has been a marked slowdown in the amount of available corporate work. The number of layoffs that has occurred in the market is severe and is not improving. On the recruiting side, many major recruiting firms claim to not have made a placement of a corporate associate in more than a year. Most major law firms have instituted hiring freezes of corporate associates. Worst of all, many attorneys from top-tier firms and law schools have been out of work for more than one year.
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