Layoffs

788 ABA Journal Layoffs articles.

More work shifted to law partners as demand for legal services dropped, new report says
Are partners hoarding legal work in challenging times? That is one of the questions raised by a new report that found that the average growth in billed rates reached record highs in the year’s second quarter, even as demand for legal services plummeted.
Afternoon Briefs: Stealth layoffs are a bad idea, expert says; ACLU seeks sanction against feds

Stealth layoffs could affect law firm ‘vitality,’ expert says

Attributing layoffs to performance rather than economic issues—so-called stealth layoffs—could harm associate relationships with law firm partners and leaders, according to…

Sullivan & Cromwell among law firms reportedly laying off employees, offering buyout packages
Sullivan & Cromwell has reportedly laid off employees in multiple departments and offered buyout packages to many older employees.
Partner distributions resume at some law firms amid coronavirus crisis
At least two large law firms are resuming partner distributions after trimming them in response to the COVID-19 pandemic.
Law grads have had job offers rescinded at 49% of surveyed law schools

Law grads have had employment offers rescinded at 49% of the law schools surveyed by the National Association for Law Placement.

Hardest hit were graduates of schools in the Southeast…

Bryan Cave Leighton Paisner announces layoffs; experts say other firms may follow

Bryan Cave Leighton Paisner announced Wednesday that it is laying off a small number of lawyers and staff members across its global offices.

In London, the layoffs include 14 fee…

Miller Canfield lays off and furloughs some lawyers
Miller, Canfield, Paddock and Stone has laid off and furloughed some lawyers as a result of the economic slowdown caused by the COVID-19 pandemic.
Hughes Hubbard lays off lawyers, staffers after receiving paycheck protection loan
Hughes Hubbard & Reed has laid off some associates and staff members after receiving a paycheck protection loan from the federal government.
More law firms are likely to make some furloughs permanent, legal experts say
Katten Muchin Rosenman’s decision to lay off some furloughed staff members may be followed by more announcements of layoffs at other law firms, according to legal industry experts.
Afternoon Briefs: BigLaw firm announces layoffs; judge’s TRO blocks Mary Trump book

Katten converts some furloughs into layoffs

Katten Muchin Rosenman has decided to lay off some employees it had furloughed as a result of the COVID-19 pandemic. The firm is…

Remove underperformers? Increase cash? New law firm survey shows changing views
Law firms responding to survey questions about a hypothetical recession became more willing to take tough measures as the COVID-19 crisis worsened, according to recent survey findings by legal consulting firm Altman Weil.
Top law firms fared surprisingly well during COVID-19 pandemic, survey says
Updated: The legal industry has fared surprising well during the COVID-19 pandemic, according to a survey of mostly larger law firms by Wells Fargo Private Bank's legal specialty group.
Legal services sector gains 3,200 jobs; previous month’s whopping loss is revised upward

The legal services sector gained 3,200 jobs in May after an astounding loss of jobs the previous month. Last month, the Bureau of Labor Statistics reported the legal services sector lost 64,000 jobs, but that seasonally adjusted number has been revised.

2 more law firms announce pay cuts; are they a stopgap measure before layoffs?

Two more law firms announced pay cuts in the past week, marking a third slow week of bad news. But the worst could be yet to come.

Which law firms laid off lawyers and cut pay this past week? The announcements slow to a trickle
For weeks, larger law firms have been announcing layoffs, furloughs and pay cuts. The impact is widespread, with the legal services sector losing 64,000 jobs in April.

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