[It’s somewhat surprising] how long some of these firms have been able to keep their associates despite them billing significantly low hours over the past six-plus months.
This was probably driven a little bit by the extraordinary revenues of 2021 but also the hope that the economy would rebound, but this just hasn’t happened in a meaningful way.
— Summer Eberhard, a partner and legal recruiter at Major, Lindsey & Africa, in comments given to the American Lawyer, concerning the recent layoffs en masse at firms like Cooley and Goodwin, both of which cited a current and projected slowdown in demand for letting employees go.
Staci Zaretsky is a senior editor at Above the Law, where she’s worked since 2011. She’d love to hear from you, so please feel free to email her with any tips, questions, comments, or critiques. You can follow her on Twitter or connect with her on LinkedIn.