I think nearly every attorney in the United States would agree that the past few years have been difficult times for associates in the legal profession, especially for transactional attorneys. Since the transaction market peaked in 2000, there has been a steady decline in transaction jobs, as the same law firms whose size had galvanized the legal market in the late 1990s now found that their clients were no longer generating the same amounts of legal work, forcing firms to downsize their associate ranks.
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