Job loss. Credit: joyfotoliakid / Adobe Stock 'We Could Be Next': As Law Firms Swing the Axe, Associates are Getting Anxious
'What if this quietness means that I'm actually just dead weight that the firm needs to get rid of. That kind of thinking works its way into your bones.'
May 14, 2023 at 08:01 PM
5 minute read
The Global Lawyer
'Aligning staffing with levels of demand'. That was the reason Dechert gave last week for its decision to reduce its global workforce by 5%. The figures tally up: earlier this year, the firm posted a 15% profit dip, so it's time to get the house in order.
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