BigLaw Firms in "Wait-and-See" Mode as Layoffs and Associate Cuts Continue
TL;DR Summary
Jim Jones, a senior fellow at the Georgetown Center for the Study of the Legal Profession, believes that law firms are still in a "wait-and-see" mode regarding layoffs due to ongoing economic uncertainties. He commented on the recent round of stealth layoffs at Kirkland & Ellis, stating that he is "not surprised" that layoffs have continued into the second quarter of 2023, especially in California's tech sector. Jones does not see an across-the-board recovery yet.
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