Law Shucks layoffs layoff tracker.jpg[Ed. note: Above the Law has teamed up with Law Shucks. Law Shucks has done excellent work translating all of the layoff news into user-friendly charts and graphs: the Layoff Tracker.]

Alright, this is getting ridiculous. Last week, no real layoffs until Ropes & Gray got busted doing stealth layoffs at 11:00 on Friday morning. This column closes Friday afternoon, usually. We actually submitted yet another version celebrating the first week of the year without layoffs. Then Weil Gotshal went and laid off 79 staff. We’ll have to save the celebration for next week (hopefully – although we’re planning to be on the golf course, not writing).

So back to the usual roundup.

As in the general US market, the rate of law-firm layoffs (or first-time benefit applications) continues to drop, even though unemployment numbers continue to rise. So most of the cutting may be behind us, even if the growth and hiring haven’t kicked in yet. Still, this recession is far and away the worst of the past 40 years, from a jobs perspective. Check out Clusterstock for interesting chart that shows employment levels are continuing to decline 15 months after the current recession began, a point by which the 1980 recession had completely reversed its losses, 1974-76 was almost back to pre-recession levels, and the others had at least flattened out if not started trending upwards. Elie will continue to monitor Latvian hookers for signs of life. In the economy.

After the jump, there were a few other near-layoffs this week and the usual non-layoff cost-cutting measures.

On the plus side, this week does set a new record low for the year. We came close last week, with just 148 layoffs. Coincidentally, that was the same number as the first week of the year (and the first edition of This Week in Layoffs). Prior to this week, the week ending April 17 was the lowest, when 121 people were laid off from major law firms.

There were a few "near" layoffs this week (although an inch is as close as a mile to those who have been affected – pardon the expression).

As usual, the analysis continues on Law Shucks, with updates on other cost-cutting measures taken by law firms this week, plus the updates on the weekly, monthly, and annual total. Also, the monthly recap will probably get written at some point this weekend, so keep an eye out for that.

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