Can Law Firms Hold the Line on Layoffs and Billing Rates in 2023? | The American Lawyer Page Printed From: https://www.law.com/americanlawyer/2023/03/08/can-law-firms-hold-the-line-on-layoffs-and-billing-rates-in-2023/ (Credit: Maxim_Kazmin/Adobe Stock) NEWS “The top 200 firms should hold back on raising rates to fill their shortfall for 2023, as clients are watching and weighing alternatives,” recommends a […]
Layoffs
Top 50 Biglaw Firm Announces Layoffs
Fresh off the news that Perkins Coie — a firm that made $1,155,565,000 in gross revenue in 2021, making it 42nd on the Am Law 100 — told associates the number of billable hours they’d have to log to get their full bonus was going up, there’s another cost-cutting measure […]
Biglaw Firm Conducts Layoffs, Citing ‘Excess Capacity’
Even with predictions of an onslaught of layoffs within just the legal field, all has been reasonably tranquil on the occupation reduction entrance. Most likely it’s been a tiny far too tranquil. As it turns out, legislation agency leaders are even now quite anxious about the economic climate, and layoffs […]
Biglaw Firm Makes 2 Rounds Of Stealth Layoffs After Billable Work Disappears
Thanks to the financial downturn, stealth layoffs among company procedures abound through Biglaw, hitting even some of the most productive law companies, like Kirkland and Cooley. Currently, we have the information on even more stealth layoffs, and the information is not excellent. It appears to be that Silicon Valley powerhouse […]
