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Good news! According to the U.S. Department of Labor, the U.S. economy is in a growth mode, adding 288,000 new jobs in June 2014 and growing speculation that the economy could return to expansion rates of late 2013 (U.S. Jobs Report: 288,000 Positions Added, The Wall Street Journal, 7/4/14).
Not so good news … Until there was a hint of a silver lining with the addition of 1,200 legal jobs in June (Legal Sector Adds 1,200 Jobs in June, Am Law Daily, 7/4/14), law firms, facing flat demand, continued in a lean mode through May 2014 with the shedding of 1,200 and 1,100 jobs in April and May, respectively (Legal Sector Shed 1,200 Jobs in April, The Am Law Daily, 5/2/14).
The Outlook for Law Firms
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