Sharks (Lawyers) are not safe either.
Quoted from The Lawyer.com
In-house lawyers at the major investment banks in London are bracing themselves for a fresh round of redundancies after seeing 10 per cent of legal staff at some banks losing their jobs over the past three months.
More than 50 lawyers have been axed following a series of cuts by Citi, Credit Suisse, Goldman Sachs, JPMorgan, Morgan Stanley and Nomura during the last quarter.
But sources say there are likely to be more redundancies early in 2009 as banks continue to downsize and close departments in areas hit by the credit crunch.
Job Losses: 130
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