Layoffs of around 800 lawyers and legal staffers at large law firms last Thursday likely saved the firms more than $100 million collectively in annual salaries and benefits.
Massive state budget shortfalls threaten the ability of courts to continue to operate, Massachusetts Chief Justice Margaret H. Marshall, who is president of the Conference of Chief Justices, told the…
In addition to laying off 12 attorneys and 15 staff members, Luce Forward has also rescinded offers to incoming 3Ls and canceled the upcoming summer program.
Law firms are likely to take a hard look at underperforming partners this year, with more cuts and de-equitization ahead, according to some consultants and recruiters.
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