Who says that the lawyers always clean up?
Halliwells folded. Cobbetts have gone into administration. Contraction and parachute mergers abound. Swathes of legal redundancies and the worst opportunities for decades for those junior lawyers coming through the ranks. The times they are a changing (foresaw the poet Bob Dylan) and those times are tough.
Individuals are struggling, companies are struggling and this has a knock on effect for those providing professional services. As the economy steamrolls towards a predicted triple recession, all businesses need to review income and expenditure and the latter includes staffing levels. For the number one rule in business – ask Wilkins Micawbur, he nailed it.
Redundancy is painful and blood is being spilled. More to follow? You bet your life on it.