Among those who survived, law firm layoffs turned so widespread that commerce publications like American Lawyer produced an ongoing “Layoff List” of the law corporations nationwide that cut jobs. The largest law corporations (known as the “BigLaw”) on the planet are headquartered primarily within the United Kingdom and the United States. However, giant companies of more than 1,000 attorneys are also present in Australia , China and Spain . The American system of licensing attorneys on a state-by-state basis, the tradition of having a headquarters in a single U.S. state and a detailed give attention to income per companion has so far restricted the size of most American law corporations. Thus, while the most profitable law corporations on the earth stay in New York, 4 of the six largest corporations on the planet are based in London within the United Kingdom.
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