So, what to do. Well, at this point, if you don't have a huge mentor/protector, it will be hard to quickly establish one before the layoff hammer comes down. My advice -- which I realize differs a bit from my past advice on participating in firm administrative functions -- is to keep your head down and bill, bill, bill. Hopefully you are in a group that still has work. Take on projects. If people have been let go, step up to the plate in covering their work (assuming they had some). I once had a former colleague who was a junior attorney when some lawyers were let go in her office. She was told to take over a file from one of the terminated attorneys. She got the file and managed that project for the next several years. It enabled her to work with a different client, a different partner, and expand her knowledge into a new area of law. The partner who oversaw her respected that she jumped right into the project with a positive attitude and did a diligent job.
So, as opportunities close for others, they open for you, the survivor. I realize this is somewhat Darwinistic but if you want to hold on - whether to ride out the storm and have a long term law firm career, or hold on for a little bit until you can get the hell out of dodge and move into something else, you are going to hard to work out, take work where you can get it, and be a team player. The age of entitlement is over my friends. It is time to work, work, work and bill like there is no tomorrow.