Credit: Olivier Le Moal/Shutterstock.com Hiring in a Whiplash Economy—What Does This Mean for Your Law Department?
Staff level postings (counsel and senior counsel) remain at record levels. I know most of you are not finding the candidate quality you seek at the salary point your HR department has authorized. Because wage inflation within the legal profession has outpaced internal equity considerations
June 28, 2022 at 12:33 PM
2 minute read
Recruitment and Staffing
What a difference just a few months make. Everything about a pandemic was unprecedented, and it feels like we are experiencing economic whiplash in its wake. From low unemployment, low interest rates and corporate earnings growth … to Elon Musk feeling "super bad" about the economy and announcing layoffs. And it's hard to ignore runaway inflation, not to mention a spooky stock market.
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Michael G. Bongiorno, Andrew Scott Dulberg and Elizabeth E. Driscoll from Wilmer Cutler Pickering Hale and Dorr have stepped in to represent Symbotic Inc., an A.I.-enabled technology platform that focuses on increasing supply chain efficiency, and other defendants in a pending shareholder derivative lawsuit. The case, filed Oct. 2 in Massachusetts District Court by the Brown Law Firm on behalf of Stephen Austen, accuses certain officers and directors of misleading investors in regard to Symbotic's potential for margin growth by failing to disclose that the company was not equipped to timely deploy its systems or manage expenses through project delays. The case, assigned to U.S. District Judge Nathaniel M. Gorton, is 1:24-cv-12522, Austen v. Cohen et al.
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