Another AmLaw 100 Firm to Dissolve

Is anyone safe?

Thelawyer.com reports today that Thelen Reid Brown Raysman & Steiner LLP will be closing its doors on December 1. It was less than two years ago that Thelen Reid & Priest LLP merged with Brown Raysman Millstein Felder & Steiner, LLP, in what was the largest law firm merger of the year. Poor economic conditions and mass defections were identified as the catalyst for dissolution.

I need to undertake some research into this as it relates to U.S. affairs; however I am aware that in the UK, college of law and law schools applications are dramatically on the up. The reason being, that given the current financial market turmoil, academically qualified individuals who previously may have considered banking and finance as a career path of choice are opting for the relative security of the law.

Numerous cliches spring to mind, but I guess everything is relative.