Cutback Corner: Since a lot of law firms may go under without cuts, we unfortunately have another law firm making cuts to report. Specifically, Buchanan, which is on its second round of cuts.
Some Encouraging News: Not only are there some firms that aren’t making any cutbacks, but there’s a chance that this whole crisis could revitalize the industry.
Biglaw Needs To Chill Out: Kirkland & Ellis got a benchslapping for playing unnecessary hardball.
Seriously, Don’t Do This: We’ve already had folks suggest that this crisis will make for more law students, but trust Jordan Rothman when he tells you not to go to law school just because there’s a recession.