“Targeted firings of weak performers are more likely,” says one legal industry consultant. Credit: madpixblue/Shutterstock.com
M&A is down, but all is fine. Nothing to see here. Move along. That’s what the firms leaning heavily into corporate work have said through most of 2022.
And while there have been some layoffs reported, for the most part, the firms have stuck with what they have talent-wise and are still closing some large deals and a few SPACs, while maintaining a decent volume of private equity work.
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