Biglaw Firms Streamline Ranks and Prioritize Profitability
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.