OT:Law Firm Associates Getting SLAUGHTERED…

[partypup]

[quote=Allan from Fallbrook]Partypup: Heller Ehrman and Thelen LLC up in San Francisco both went belly up as well.

Thelen was founded in 1924 and worked on the Golden Gate Bridge project back in the 1930s.

This isn’t going to be the last we see of this happening. Thelen was a Top 100 law firm (by earnings) back in 2007 and they imploded literally overnight.[/quote]

As a lawyer, I have predicted this from the very beginning: professional services like legal are going to be eviscerated. Their fees were heavily-inflated and gave been so for years. They have lived off the largesse of companies that threw money around like it was candy.

And now the candy store is empty.

First year lawyers NEVER should have been making $175K in any universe. It was a horrible business model, and now they are paying the price. If you’re not ambulance chaser, a bankruptcy attorney or a creditors rights attorney, get the hell out of the legal profession now.

I’m a lawyer at a media company, our ad revenue has literally fallen off a cliff, and I know we are going to have another round of layoffs (on the heels of the one we had in December) before summer. We are simply losing way too much money to carry everyone.

I just renewed my contract for another 2 years – it happened to expire at the right time, before everyone realized that we were going into Armageddon. So I’m “safe” for the time being. But if they lay off most of my division and leave me carrying all the water…what good will a job do me? Heck, I’d just as soon get a hefty severance package, cash out, relocate to a small farm somewhere and wait out the chaos.

[partypup]

I should also add that we received an email this morning from NY alerting all divisions to the rising tide of bankruptcy among vendors in the entertainment industry: graphics houses, payroll companies, production companies, equipment rental houses…you name it.

This is so mind-numbing that I struggle to even comprehend what’s happening.

And I’ve been preparing for 3 years.

What the hell is going on in the minds of people who did not even see this coming?

And Allan: how much longer do you think this site is going to focus on real estate? When are people going to stop trying to call a “bottom” in housing and realize that we have problems that are SO much bigger than trying to game the market and find distressed properties and the best interest rate for a jumbo in a bedroom community?

We are literally staring into the jaws of Armageddon.

I’m so very frightened…

[partypup]

I should also add that we received an email this morning from NY alerting all divisions to the rising tide of bankruptcy among vendors in the entertainment industry: graphics houses, payroll companies, production companies, equipment rental houses…you name it.

This is so mind-numbing that I struggle to even comprehend what’s happening.

And I’ve been preparing for 3 years.

What the hell is going on in the minds of people who did not even see this coming?

And Allan: how much longer do you think this site is going to focus on real estate? When are people going to stop trying to call a “bottom” in housing and realize that we have problems that are SO much bigger than trying to game the market and find distressed properties and the best interest rate for a jumbo in a bedroom community?

We are literally staring into the jaws of Armageddon.

I’m so very frightened…

[partypup]

I should also add that we received an email this morning from NY alerting all divisions to the rising tide of bankruptcy among vendors in the entertainment industry: graphics houses, payroll companies, production companies, equipment rental houses…you name it.

This is so mind-numbing that I struggle to even comprehend what’s happening.

And I’ve been preparing for 3 years.

What the hell is going on in the minds of people who did not even see this coming?

And Allan: how much longer do you think this site is going to focus on real estate? When are people going to stop trying to call a “bottom” in housing and realize that we have problems that are SO much bigger than trying to game the market and find distressed properties and the best interest rate for a jumbo in a bedroom community?

We are literally staring into the jaws of Armageddon.

I’m so very frightened…

[partypup]

I should also add that we received an email this morning from NY alerting all divisions to the rising tide of bankruptcy among vendors in the entertainment industry: graphics houses, payroll companies, production companies, equipment rental houses…you name it.

This is so mind-numbing that I struggle to even comprehend what’s happening.

And I’ve been preparing for 3 years.

What the hell is going on in the minds of people who did not even see this coming?

And Allan: how much longer do you think this site is going to focus on real estate? When are people going to stop trying to call a “bottom” in housing and realize that we have problems that are SO much bigger than trying to game the market and find distressed properties and the best interest rate for a jumbo in a bedroom community?

We are literally staring into the jaws of Armageddon.

I’m so very frightened…

[partypup]

I should also add that we received an email this morning from NY alerting all divisions to the rising tide of bankruptcy among vendors in the entertainment industry: graphics houses, payroll companies, production companies, equipment rental houses…you name it.

This is so mind-numbing that I struggle to even comprehend what’s happening.

And I’ve been preparing for 3 years.

What the hell is going on in the minds of people who did not even see this coming?

And Allan: how much longer do you think this site is going to focus on real estate? When are people going to stop trying to call a “bottom” in housing and realize that we have problems that are SO much bigger than trying to game the market and find distressed properties and the best interest rate for a jumbo in a bedroom community?

We are literally staring into the jaws of Armageddon.

I’m so very frightened…

[Allan from Fallbrook]

Partypup: This has never been solely about housing. Housing was simply one asset class that was part of a much, much larger bubble. We’ve been playing fast and loose for 30 years now and the bill just came due.

A friend of mine that’s with NATO in Brussels was telling me about massive demonstrations in Paris, and unrest in Spain, Greece and Italy. This isn’t confined to the US and it looks like it’s just beginning.

You’re right to be scared. This shit is terrifying. I work in blast resistance and mitigation for oil/gas companies and the US Government (anti-terrorism and Force Protection). Sad to say, business has never been better and it looks to get better still.

I remember working with a SFC in 5th Special Forces who had a business card that read: “Our business is killing and business is good”.

[Allan from Fallbrook]

Partypup: This has never been solely about housing. Housing was simply one asset class that was part of a much, much larger bubble. We’ve been playing fast and loose for 30 years now and the bill just came due.

A friend of mine that’s with NATO in Brussels was telling me about massive demonstrations in Paris, and unrest in Spain, Greece and Italy. This isn’t confined to the US and it looks like it’s just beginning.

You’re right to be scared. This shit is terrifying. I work in blast resistance and mitigation for oil/gas companies and the US Government (anti-terrorism and Force Protection). Sad to say, business has never been better and it looks to get better still.

I remember working with a SFC in 5th Special Forces who had a business card that read: “Our business is killing and business is good”.

[Allan from Fallbrook]

Partypup: This has never been solely about housing. Housing was simply one asset class that was part of a much, much larger bubble. We’ve been playing fast and loose for 30 years now and the bill just came due.

A friend of mine that’s with NATO in Brussels was telling me about massive demonstrations in Paris, and unrest in Spain, Greece and Italy. This isn’t confined to the US and it looks like it’s just beginning.

You’re right to be scared. This shit is terrifying. I work in blast resistance and mitigation for oil/gas companies and the US Government (anti-terrorism and Force Protection). Sad to say, business has never been better and it looks to get better still.

I remember working with a SFC in 5th Special Forces who had a business card that read: “Our business is killing and business is good”.

[Allan from Fallbrook]

Partypup: This has never been solely about housing. Housing was simply one asset class that was part of a much, much larger bubble. We’ve been playing fast and loose for 30 years now and the bill just came due.

A friend of mine that’s with NATO in Brussels was telling me about massive demonstrations in Paris, and unrest in Spain, Greece and Italy. This isn’t confined to the US and it looks like it’s just beginning.

You’re right to be scared. This shit is terrifying. I work in blast resistance and mitigation for oil/gas companies and the US Government (anti-terrorism and Force Protection). Sad to say, business has never been better and it looks to get better still.

I remember working with a SFC in 5th Special Forces who had a business card that read: “Our business is killing and business is good”.

[Allan from Fallbrook]

Partypup: This has never been solely about housing. Housing was simply one asset class that was part of a much, much larger bubble. We’ve been playing fast and loose for 30 years now and the bill just came due.

A friend of mine that’s with NATO in Brussels was telling me about massive demonstrations in Paris, and unrest in Spain, Greece and Italy. This isn’t confined to the US and it looks like it’s just beginning.

You’re right to be scared. This shit is terrifying. I work in blast resistance and mitigation for oil/gas companies and the US Government (anti-terrorism and Force Protection). Sad to say, business has never been better and it looks to get better still.

I remember working with a SFC in 5th Special Forces who had a business card that read: “Our business is killing and business is good”.

[scaredyclassic]

in general, shouldnt lawyers do well at the dissolution of america?

[scaredyclassic]

in general, shouldnt lawyers do well at the dissolution of america?

[scaredyclassic]

in general, shouldnt lawyers do well at the dissolution of america?

[scaredyclassic]

in general, shouldnt lawyers do well at the dissolution of america?

[Author]

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