Big Law Firm Layoffs

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BigLaw firm confirms layoffs, doesn't say whether lawyers are affected. By Debra Cassens Weiss. September 15, 2020, 9:42 am CDT

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February 26, 2019 at 1:13 PM. A back-of-the-envelope estimate of lawyer job losses in the forthcoming recession shows total losses, at 10,000 lawyers, will be significantly below the nearly 18,000

1. Author: Kathryn Rubino
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How to Handle a Big Law Layoff. As a recruiter, I occasionally encounter candidates who have been laid off by their firms. At most AmLaw 100 firms, the dismissal is …

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1. Candidates who are dismissed from their firms often experience a variety of reactions. They are angry, hurt, frustrated, and sometimes even confused. Questions like What did I do?, Why is this happening to me?, and How will I ever find another job? are very common. Often a candidate did not do anything. When you are dealing with candidates who have been high enough achievers all their lives to even get a job at an AmLaw 100 firm, then it becomes increasingly unlikely that they actually did anything to precipitate their dismissals. It is more often the case that the firm (or more specifically the candidate's practice group) is slow, and since the firm is unwilling to admit that they are slow, they decide to tell the candidate that things are not working out. Another fairly common scenario is that the candidate got on the wrong side of the wrong partner in the group, and his entire existence is now colored by his experience with that partner. In fact, the very way candidates who have bee
2. When I encounter a candidate who is being dismissed, I ask him whether he can obtain references. In the last ten years, firms have begun to take the position that they do not give references for departing attorneys regardless of the manner in which the attorney is departing. Firms will merely confirm dates of employment. Occasionally, when a firm has this policy a partner (who likes the candidate and knows the real reason the candidate is being dismissed) will act off the record. Other times, a candidate can reach out to a partner or senior associate with whom he worked but who is no longer with the firm; and, therefore, can act as a reference. If neither of these options is available, then the candidate must be able to provide references from law school, a clerkship, or perhaps even another law firm where he summered. It is imperative that a candidate be able to provide references both for the new firm, and also for me. I will not work with a candidate who cannot provide references be
3. It is hard to show up at a law firm where you have been dismissed, and no one is going to minimize how difficult it may be to show up every day for three months while you try to find a new position. I am not going to make life easier by telling you that not only must you show up for work each day, but I highly recommend actually doing some work while you are there. I make this recommendation because a new trend among law firms is to have all candidates - not just partners - complete a Lateral Hiring Questionnaire (LHQ) as part of the hiring process. The LHQ always asks for your hours to date. If you learned that you were being dismissed in February (and stopped doing billing), and you are completing a LHQ in May, and you only have 350 hours for the year, then it is going to raise questions that you probably do not want to answer. In all likelihood, the new firm will figure out that you have been laid off, and may even pull the offer. It is critical that you continue to bill hours while
4. Usually, I do not need to tell a dismissed candidate that he should submit his resume as broadly as possible. Often I have the opposite problem. A candidates may be so anxious that he thinks that using multiple recruiters and submitting to the same openings repeatedly will increase his chances of getting interviews and offers. It will not. If anything, this scattershot approach - much like suspiciously low hours - will be a red flag to new employers. A dismissed candidate who has been laid off should absolutely explore all possible job opportunities, including jobs in different geographic locations; however, he should keep track of his submissions so that he does not submit multiple applications. In addition, a dismissed candidate will have much better results if he finds one recruiter who really believes in him and wants to invest time in his search. One committed and experienced recruiter is worth more than ten experienced but less than dedicated recruiters.

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Law firms saw a 9.9% growth in net income last year after cutting discretionary expenses and laying off lawyers, according to two reports released this week. Feb 3, …

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Pay Cuts, Layoffs, and More: How Law Firms Are Managing the Pandemic Our firm-by-firm guide to how law firms are protecting their bottom lines from the economic fallout of the coronavirus. July 31

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The Law Shucks layoff tracker lists more than 25 law firms in the United States and United Kingdom that have announced layoffs this month, tallying the total number of jobs lost at nearly 2,200

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Law360 (April 8, 2020, 2:38 PM EDT) -- News flooded in Wednesday of at least 10 more large law firms implementing cost-cutting measures, such as …

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7. level 2. [deleted] · 1y · edited 1y. I have no idea, but it looks like firms anticipate the cuts lasting through the end of 2020. My guess would be it affects incoming FA 2020 associates too. 2. Continue this thread.

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Alan Romero, a 2020 CAALA Trial Lawyer of the Year Finalist, is the principal and lead trial attorney of Romero Law, APC. Mr. Romero's notable results have included a historic $8.1MM jury verdict in a Fair Employment and Housing case arising out of police corruption in the Los Angeles County Sheriff's Department, a $3.05MM jury verdict related to the clarification of certain …

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Quiet Staff Layoffs Run Through Big Law. law firm staff layoffs are “much easier to fly under the radar. Some started with furloughs that became permanent, and so much time had passed since

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If you think biglaw is a long term or stable career, you need to do more research. The worst mistake would be to go to biglaw without a backup plan in mind and goals (financial and career) that you can use your biglaw experience to achieve. Top. Anonymous User. Posts: 382850. Joined: Tue Aug 11, 2009 2:32 pm.

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Am Law 100 Firm Announces Associate Layoffs And Other Cost-Cutting Measures The first Biglaw associate layoffs as a result of coronavirus.

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More Big Law Layoffs, There was yet another High Profile Layoff at one of the Big Law firms recently, Some people would love to be Laid Off.

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The third law firm, Loeb & Loeb, plans to temporarily cut pay by 15% for income partners, senior counsel, of counsel, associates and staff members who are making more than $200,000 a year

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To put it another way, Big Law has tightened its typical rate spread (e.g., $250-1000/ hr) and has effectively made its services more expensive for its clients ($500-1000/hr). Cost conscious in-house law­yers are always wondering how to reduce external legal costs, and in these uncertain times they are even more focused on managing legal spend.

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However, the latest strike on the legal field is hitting Biglaw, and hitting it hard. On Friday afternoon Womble Bond Dickinson announced a series of cost-cutting measures, AboveTheLaw reports

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