June 14, 2009
The New York Times jumped into the fray of documenting the decline of the modern day law firm. In this article, the Times provides a close analysis of the prestigious firm, White & Case, based out of New York and with offices across the globe. The firm recently announced they laid off 200 attorneys of its over 2100 lawyers, a drastic step the firm was forced to take based off the economic downturn.
The Times attempts to use the situation of White & Case as a microcosm for the overall problems that are currently plaguing top law firms. While different law firms have felt different repercussions, it is undeniable that many top firms have felt the great strain of the economy. White & Case highlights the fall from the grace that many of the top firms have been going through.