When companies go under, law firms become employment casualties

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In recent months, when companies have been forced to succumb to mergers or bankruptcy in the wake of the economic crisis, lawyers who work for these businesses or their outside law firms may account for a number of the employment casualties, according to a NJBiz.com interview.

Stewart Michaels, chairman of Livingston-based Topaz Attorney Search, told NJBiz.com that while bankruptcy lawyers are in demand, attorneys who focus on areas like financing or mergers and acquisitions are suffering.