Credit: Konstantin Chagin/Shutterstock.com Big Law Associate Deferrals 'Bleed Into East Coast'
"The largest driver of cost savings would stem from a reduction in the size of a firm's new associate class," said Decipher's Greg Hamman.
August 10, 2023 at 04:47 PM
5 minute read
The original version of this story was published on The American Lawyer
A couple of months ago, only West Coast law firms had deferred their summer classes to early 2024. Now large law firms rooted in the East Coast and Midwest —such as Cadwalader, Wickersham & Taft, Katten Muchin Rosenman, and Dechert — have reportedly joined the fray.
And the movement may continue spreading east, say some legal industry observers, as overcapacity, particularly in the associate ranks, continues to roil the Am Law 100.
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