After the sky fell in and redistributed Wall Streets wealth. It’s that time of the week when the credit comes a crunching to the legal community…. Freshfields has announced it will be laying off lawyers in its real estate department,

A spokesman for the firm confirmed that up to five associates had been asked to leave, citing restructuring of the department and market conditions as the reason.

Real estate lawyers are and have been at the coal face of the increasingly dire credit & liquidity crisis; several firms have paired back their real estate departments of recent due to toughening economic climes…

Must be tough to take considering partners profits rocketed by 40% so recently.

Life’s a bitch