At a time when businesses from banks to bakery suppliers are shedding tens of thousands of workers, news that a New York law firm is pink-slipping 96 attorneys might seem like a speck of flotsam in a sea of economic pain. But Cadwalader, Wiekersham & Taft's announcement on July 30 has set top-tier law shops abuzz nationwide. Economic downsizing is rare in such circles. And the number of lawyers the venerable Wall Street firm, founded in 1792, is letting go reflects the pain the credit crisis is inflicting.
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