Layoffs unlikely as law firms see increased revenue from rate hikes, Wells Fargo official says

Law firm revenue increased 4.6% through the third quarter of the year, thanks to a hike in billing rates, according to a survey of more that 120 firms by Wells Fargo’s Legal Specialty Group.

Nov 17, 2023 11:57 AM CST

Boston law firm announces layoffs that include lawyers

Boston law firm Choate Hall & Stewart has announced job cuts affecting about 5% of its employees.

Aug 14, 2023 12:04 PM CDT

Talent wars led to record-high salaries for class of 2022 law grads, new NALP report says

Talent wars helped push the national median salary for class of 2022 law graduates to a record high of $85,000, according to figures released Wednesday by the National Association for Law Placement.

Aug 2, 2023 12:20 PM CDT

BigLaw firm confirms ‘small number’ of layoffs, pushes back start dates for some associates

Katten Muchin Rosenman has confirmed that it is “parting ways with a small number of our attorneys and business support professionals.”

Aug 2, 2023 8:11 AM CDT

BigLaw firm cuts 11 lawyers, eliminates 24 staff positions following drop in partner profits

Armstrong Teasdale has said it has made "difficult decisions" to eliminate the positions of 24 staff members and cut 11 lawyers.

Aug 1, 2023 8:55 AM CDT

Another BigLaw firm delays start dates for some associates

Perkins Coie has pushed back start dates for some first-year associates, according to two published reports.

Jun 22, 2023 9:40 AM CDT

Reed Smith lays off about 2% of global workforce, including lawyers

Reed Smith says it has laid off less than 2% of its global workforce because of “a reduced level of demand for legal services across the industry.”

Jun 15, 2023 9:56 AM CDT

BigLaw firm confirms layoffs, delayed start dates for incoming associates

Orrick Herrington & Sutcliffe will lay off about 40 associates and 50 staff members, a number that amounts to about 6% of its global workforce.

Jun 13, 2023 4:00 PM CDT

Eckert Seamans lays off business administrative professionals

Eckert Seamans Cherin & Mellott has laid off 2% of its business administrative professionals, a law firm spokesperson told Above the Law.

Jun 2, 2023 3:34 PM CDT

BigLaw firm lays off 47 business services employees

Bryan Cave Leighton Paisner has laid off 34 employees across its U.S. offices and another 13 employees overseas, the law firm announced Thursday.

May 25, 2023 10:12 AM CDT

55 lawyers among 5% of global workforce being laid off at this BigLaw firm

Dechert laid off 55 lawyers and 43 business professionals Tuesday, as the law firm began implementing cuts to “align our staffing levels with demand.”

May 10, 2023 9:33 AM CDT

How are BigLaw firms faring in first quarter? Billable hours are at 15-year low

Demand for legal services is down slightly, while lawyer head count is increasing—a combination that is resulting in a decline in average billable hours, according to a survey of BigLaw firms by Wells Fargo’s Legal Specialty Group.

May 4, 2023 12:02 PM CDT

Some law firms avoid layoffs by adjusting associate class years downward

Law firms looking for a way to save money without layoffs are increasingly adjusting associate class years, according to legal recruiters in California and New York who spoke with Law.com.

Apr 25, 2023 9:31 AM CDT

Another BigLaw firm says any associate job cuts are due to performance evaluations

Ropes & Gray has told Law.com that any job cuts being made at the law firm are the result of performance evaluations.

Apr 14, 2023 3:00 PM CDT

BigLaw firm confirms more layoffs in business services

Shearman & Sterling is laying off additional employees after an earlier round of cuts in February.

Apr 13, 2023 10:59 AM CDT