Credit: Parradee/Adobe Stock Layoffs Are Spreading. After All, There's Only So Much Work to Go Around
A patchy corporate market has created a mismatch between staffing and demand levels at several law firms with broader client bases that stretch beyond the tech sector.
June 20, 2023 at 01:00 PM
6 minute read
The original version of this story was published on The American Lawyer
While there's no certainty about how many more Big Law firms will reduce their workforce in response to a downturn in demand, recent layoffs at Reed Smith and Dechert reveal that more firms than just those with a Silicon Valley transactional focus are facing capacity constraints.
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