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U.S. Law Firms Cut 600 Jobs In March
- By The Financial District
- Apr 21, 2023
- 1 min read
The US legal services sector lost 600 jobs in March, new Labor Department figures showed, marking the first monthly employment decline for the industry since September, David Thomas reported for Reuters.
Photo Insert: Legal sector jobs totaled 1,180,900 last month.
Legal sector jobs totaled 1,180,900 last month, according to preliminary seasonally adjusted data released by the US Bureau of Labor Statistics. The count includes lawyers, paralegals, and other legal professionals.
Legal employment has declined by 7,000 jobs since reaching a historic high in July, Labor Department statistics show. US law firms bulked up in 2021 and 2022 to take advantage of unusually high client demand for advice on corporate deals and other legal work.
