Though there has been a booming market for corporate lawyers, a recent stock market fall provided a reality check for some. Memories of the lay-offs that occured after the demise of the dot-com have forced firms to consider their hiring practices more carefully. Firms are hiring with much more selectivity, and focusing on diversifying their corporate practices. For some this means adding new practices, for others it means adding firms or merging.
Source: www.law.com