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January 12, 2023 | The American Lawyer

Tracking Associate Cuts and Layoffs: How Some Law Firms Are Managing Excess Capacity

From Goodwin, Stroock and Cooley's attorney layoffs to performance-review cuts at other firms, here's Law.com's reporting on staffing adjustments in the legal industry.
5 minute read
January 09, 2023 | The American Lawyer

Stroock Latest Big Law Firm to Lay Off Staff, Attorneys

The firm cited "more attorney and staff resources" than it needed "for the foreseeable future" as the driver behind the head count reduction.
3 minute read
January 09, 2023 | The American Lawyer

Goodwin's Layoffs Spotlight Balancing Act Between Associate and Partner Preferences

More details are emerging about the number of people laid off, as well as the firm's rapid hiring in the last few years.
7 minute read
January 05, 2023 | The American Lawyer

Goodwin Cuts Attorney, Staff Positions Amid Demand Slump

The Am Law 20 firm announced Thursday it would lay off attorneys and professional staff members across multiple offices in the U.S.
3 minute read
January 03, 2023 | Pro Mid Market

Big Law Excess Capacity Means Talent Opportunities for Midsize Firms

The tables have turned on large firms that poached mid-market talent in recent years.
4 minute read
December 21, 2022 | Daily Report Online

'Common Sense': How Law Firms Can Manage This Economic Downturn

"The number one lesson is to not just manage for today but to look down the road at the way things are going and try to be there before they get here," said Richard Rosenbaum, executive chairman of Greenberg Traurig.
4 minute read
December 09, 2022 | Law.com

The Law Firm Disrupted: A Solution to the Overcapacity Quandary

Rather than layoffs, law firms could weigh redeploying personnel toward contingency litigation, argues Burford Capital's David Perla.
5 minute read
December 02, 2022 | The American Lawyer

Cooley's Layoffs Reveal Dangers Facing Other Sector-Focused Law Firms

One lesson that can be gleaned is the importance of building broad corporate practices and offering a range of industry expertise, according to industry observers.
6 minute read
December 01, 2022 | Law.com

Time to Lay Off Lawyers or Scale Up? Big Law Faces Staffing Quandary

Could law firms have predicted this a year ago when they were slammed with billable hours and their associates were hitting all nighters to meet client deadlines?
6 minute read
November 23, 2022 | The Recorder

Law Firms See Venture Capital Deal Work Tumble in Q3, In Latest Sign of an Ending Cycle

The top venture capital law firms witnessed deal work fall, with several firms seeing dozens of fewer deals.
4 minute read

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