Partner Track Slows As Firms Struggle To De-Leverage

Law360, New York (January 8, 2009, 12:00 AM EST) -- As many law firms continue to hand dozens of associates their walking papers, the question of how to restructure going forward rages on, with some legal experts predicting that the de-leveraging will restrict the partnership track even further.

February marked the bloodiest month so far in a slew of layoffs in the legal industry that began building last fall as the economic crisis set in, but the trend appears to be accelerating as March's numbers continue to rise by the day, Law360's analysis shows.

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