Above the Law reports that O'Melveny & Myers LLP has cut 90 attorneys and 110 staff across the firm. This follows on last month's news that Latham & Watkins LLP cut 190 attorneys and 250 staff.
Now, the Stud has heard a rumor that the Santa Clara Law School career services office has begun encouraging the Class of 2008 to look for jobs consistent with their undergraduate degrees. Further, the week after Valentine's Day, the office of career services at Loyola Law School of Los Angeles held a panel on starting a solo practice.
That's how bad this economy is.