Biglaw Firms Streamline Ranks and Prioritize Profitability
TL;DR Summary
Biglaw firms are implementing tougher performance reviews as a means of rightsizing their ranks without resorting to layoffs. The surge in demand in 2021 led to a rush in hiring, resulting in the employment of lawyers who may not have found positions in a different market. As a result, associates are now facing more stringent performance evaluations than they would have in a stronger environment.
- Biglaw Firms Are Trying To Rightsize Their Ranks Through Tougher Performance Reviews Above the Law
- Big Firms Less Bullish on Growing Leverage: The Morning Minute Law.com
- Lawyer hiring slows as firms strive for greater profits, according to Thomson Reuters report ABA Journal
- Biglaw Firms Just Don't Want Too Many First-Year Associates Above the Law
- In the Law Firm-Client Relationship, Law Firms Are Playing a Dangerous Game Law.com International
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