Weil Gotshal layoffs are start of a wave, consultant says (video)
Posted Jun 27, 2013 11:29 AM CDT
By Lee Pacchia
Weil, Gotshal & Manges' announcement this week that it is firing 60 associates and 110 support staffers and cutting the pay of about 30 partners is the start of a wave of such downsizings, according to law firm consultant Bruce MacEwen, publisher of the blog Adam Smith, Esq. The cuts put Weil in a stronger position, he says, but that's not true in the case of every law firm making reductions. MacEwen discusses how to tell if a firm is making cuts from a position of strength or from a position of weakness.