Big Changes on The Legal Scene: Layoffs and Outsourcing | BCGSearch.com

Big Changes on The Legal Scene: Layoffs and Outsourcing

34

Print/Download PDF

Font Size

By 

 from  Office  Managing Director

Rate this article

6 Reviews Average: 3.4 out of 5

A report I read in the Wall Street Journal this week really concerned me as well. This A report I read in the Wall Street Journal this week really concerned me as well. This report started that up to 35,000 legal jobs will have moved offshore by 2010
Big Changes on The Legal Scene: Layoffs and Outsourcing
 
A. Harrison Barnes
Harrison Barnes

Incisive Media, the owner of American Lawyer Magazine and Law.com announced more layoffs last week. This comes after the layoffs announced in April of this year (see the American Lawyer layoff memo below from ALM CEO Bill Pollak below).

Folks,Several weeks ago, I wrote to you about our business results for the first quarter of 2008 and shared some of the challenges we face as a result of the credit squeeze and other market factors. I also described our intention to tighten our belts and reduce costs. With no change in sight on the economic horizon, the senior management team and I have spent the past few weeks examining our business options. Our goal was to find solutions that would lower expenses without compromising quality, and which would allow us to continue to invest in and meet our long term business goals. In particular, we all strongly agree on the need to continue investing in our Web infrastructure, while expanding ALM's ability to generate and publish content online.

We looked at each business with these questions in mind: Are we getting the right return on our investment? Do we need to keep doing this work? Can we do this work another way? We believe that while we are primarily doing the right work in the right way, there are changes we need to make immediately to respond to economic conditions.

Some of these changes involve revising the timing or scope of planned initiatives. Others, however, are staff related and go beyond simply delaying the filling of open jobs. In total, we have decided to eliminate forty-two current positions across ALM and Incisive's US operations. These staff reductions are distributed across businesses, locations and job levels and all the employees involved have already been notified.

The business changes we will be making are also broad in scope. These include scaling back plans to grow Real Estate Media's Florida publication intoa monthly magazine; closing down the Operations Department of Incisive's Norwalk, CT office; and shifting Law Firm, Inc. from a print magazine to a digital product.

Another change in business strategy -- and the one that will have the greatest impact on staff -- is our decision to restructure ALM's Event Division and reassign management responsibility for many of our existing SRI conferences to Insight in Canada, Incisive's Events group in London and ALM's Legal Publishing Division. A number of SRI's financial events will be eliminated.

Accepting and working through change is never easy, and changes that affect our colleagues and friends can be particularly painful. We did not make these decisions lightly. But we know that our future success depends on our ability to align ourselves with our markets and clients, and to ensure we have the resources we need to develop and grow our brands. The changes announced today will not only help us during the current economic turbulence, but will make us stronger in the future.

As always, if you have any questions, feel free to drop me a note at
[Redacted].

Bill


This memo concerns me because ALM does not appear to see a brightening horizon coming to the legal field anytime soon. This is very dire news indeed.

A report I read in the Wall Street Journal this week really concerned me as well. This report started that up to 35,000 legal jobs will have moved offshore by 2010--and 79,000 will be offshore by 2015. We are talking about people writing legal briefs and doing patents in India. This is pretty scary stuff to a lot of lawyers.

What this means, essentially, is that a lot of the work American attorneys are doing at the moment is moving overseas. A lot of the work junior attorneys do at the moment can easily be done by people in other countries making a lot less money.


Click here to contact Harrison

About Harrison Barnes

Harrison Barnes is the founder of BCG Attorney Search and a successful legal recruiter. He is extremely committed to and passionate about the profession of legal placement. His firm BCG Attorney Search has placed thousands of attorneys. BCG Attorney Search works with attorneys to dramatically improve their careers by leaving no stone unturned in job searches and bringing out the very best in them. Harrison has placed the leaders of the nation’s top law firms, and countless associates who have gone on to lead the nation’s top law firms. There are very few firms Harrison has not made placements with. Harrison’s writings about attorney careers and placements attract millions of reads each year. He coaches and consults with law firms about how to dramatically improve their recruiting and retention efforts. His company LawCrossing has been ranked on the Inc. 500 twice. For more information, please visit Harrison Barnes’ bio.

About BCG Attorney Search

BCG Attorney Search matches attorneys and law firms with unparalleled expertise and drive, while achieving results. Known globally for its success in locating and placing attorneys in law firms of all sizes, BCG Attorney Search has placed thousands of attorneys in law firms in thousands of different law firms around the country. Unlike other legal placement firms, BCG Attorney Search brings massive resources of over 150 employees to its placement efforts locating positions and opportunities its competitors simply cannot. Every legal recruiter at BCG Attorney Search is a former successful attorney who attended a top law school, worked in top law firms and brought massive drive and commitment to their work. BCG Attorney Search legal recruiters take your legal career seriously and understand attorneys. For more information, please visit www.BCGSearch.com.

Harrison Barnes does a weekly free webinar with live Q&A for attorneys and law students each Wednesday at 10:00 am PST. You can attend anonymously and ask questions about your career, this article, or any other legal career-related topics. You can sign up for the weekly webinar here: Register on Zoom

Harrison also does a weekly free webinar with live Q&A for law firms, companies, and others who hire attorneys each Wednesday at 10:00 am PST. You can sign up for the weekly webinar here: Register on Zoom

You can browse a list of past webinars here: Webinar Replays

You can also listen to Harrison Barnes Podcasts here: Attorney Career Advice Podcasts

You can also read Harrison Barnes' articles and books here: Harrison's Perspectives


Harrison Barnes is the legal profession's mentor and may be the only person in your legal career who will tell you why you are not reaching your full potential and what you really need to do to grow as an attorney--regardless of how much it hurts. If you prefer truth to stagnation, growth to comfort, and actionable ideas instead of fluffy concepts, you and Harrison will get along just fine. If, however, you want to stay where you are, talk about your past successes, and feel comfortable, Harrison is not for you.

Truly great mentors are like parents, doctors, therapists, spiritual figures, and others because in order to help you they need to expose you to pain and expose your weaknesses. But suppose you act on the advice and pain created by a mentor. In that case, you will become better: a better attorney, better employees, a better boss, know where you are going, and appreciate where you have been--you will hopefully also become a happier and better person. As you learn from Harrison, he hopes he will become your mentor.

To read more career and life advice articles visit Harrison's personal blog.


Download the BCG Attorney Search App for the Latest Articles

AGREE/DISAGREE? SHARE COMMENTS ANONYMOUSLY! We Want to Hear Your Thoughts! Tell Us What You Think!!

Related Articles

We've changed thousands of lives over the past 20 years, and yours could be next.

When you use BCG Attorney Search you will get an unfair advantage because you will use the best legal placement company in the world for finding permanent law firm positions.