As a result of the U.S. recession in 2008 and 2009 many U.S. law corporations have downsized workers significantly, and some have closed. The Denver Post reported that major law companies have reduce greater than 10,000 jobs nationwide in 2009.
Among those who survived, regulation firm layoffs became so frequent that commerce publications like American Lawyer produced an ongoing “Layoff List” of the legislation companies nationwide that minimize jobs. The oldest continuing partnership within the United States is that of Cadwalader, Wickersham & Taft, based in 1792, in New York City. The oldest legislation agency in steady practice in the United States is Rawle & Henderson, founded in 1783, in Philadelphia. Limited liability partnership , during which the legal professional-house owners are companions with one another, but no partner is liable to any creditor of the legislation agency nor is any partner liable for any negligence on the part of … Read More
