21 Dec 2008

Job losses in legal profession

7:06 am on 21 December 2008

The recession is starting to hit the legal profession, with firms big and small letting employees go.

The Lawfuel job site says a significant number of executives involved in conveyancing work, in particular, have been made redundant.

Ex-pats returning home because of the financial crisis overseas, are warned they will face a very tight market in New Zealand.

Law Society president John Marshall agrees that times are tough and he does not expect the situation to improve for at least a year.

But he says there should be more insolvency and debt recovery work for lawyers, when businesses start to fail.