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&lt;p&gt;&lt;span&gt;As naive 1Ls begin their &lt;font color=&quot;#800080&quot;&gt;law school slog&lt;/font&gt; and nervous 2Ls play the &lt;span&gt;interview game,&lt;/span&gt; it&amp;#8217;s no doubt dispiriting to read some of the doom-and-gloom stories circulating recently:&lt;br&gt;&lt;br&gt;The Legal Intelligencer worries, &lt;span&gt;&amp;#8220;&lt;font color=&quot;#800080&quot;&gt;With Dip in Economy, Are Associate Layoffs on the Horizon?&lt;/font&gt;&amp;#8221;&lt;/span&gt; and Vault Global Finance Editor Derek Loosvelt discusses how the &lt;span&gt;credit crisis&lt;/span&gt; may affect hiring in the banking industry.&lt;br&gt;&lt;br&gt;Meanwhile, news that Jones Day and Kirkland &amp;amp; Ellis are sending legal work to India has others wondering whether U.S.-trained associates will become &lt;span&gt;obsolete&lt;/span&gt;.&lt;br&gt;&lt;br&gt;No wonder Joshua Redman would &lt;span&gt;rather cut a record&lt;/span&gt; than go to law school.&lt;/span&gt;&lt;/p&gt;&lt;p align=&quot;right&quot;&gt;&lt;span&gt;&amp;#8211; posted by vera&lt;/span&gt;&lt;/p&gt;

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