Thursday, November 12, 2009

Green Shoots Down Under

An Australian Lawcruiter sees a coming "Recruitment Storm".
"About six weeks ago things started to dramatically develop and increase and improve. A number of firms - in fact quite a large number of firms - that had made it very clear that they had put recruitment on ice returned to the market, and in some cases have returned to the market aggressively," he said. "I think we've already started entering a recruitment storm. I think everyone was expecting it to take place over the next six to 12 months, but I think it's happening already."

Even if this is overblown, I think this is another indication that the market is bottoming out. And not a minute too soon - here in the USA - for the 5,259 lawyers axed in the Top 250 firms in 2009 or, the 2,784 first-year lawyers whose start date was deferred.

No, really.