THE LT 150

Slipping and sliding

More than 700 lawyers gone from D.C. firms.

, The National Law Journal

With the recent passage of financial and health care reform, Washington may look like the land of legal opportunity. But even in D.C., firms have shed lawyers at a nearly unprecedented clip. Our annual ranking of the largest law offices in the nation's capital reports a 4.5% reduction in headcount for Washington-area firms — the biggest drop that we've recorded in 25 years. Why the sharp drop amid all of the regulatory activity? Firm leaders point the finger at Congress and the Obama administration, which took their time passing and implementing regulation — thus making it less necessary for clients to bring on D.C. talent.

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