Depending on where you get your economic news, either the United States is (still) on the brink of a recession or the Federal Reserve has inflation mostly under control and the economy is poised for a banner 2023. Despite the difference of opinions economists and business leaders have about the U.S. economy, most of them would agree there is a fair amount of economic uncertainty out there.

Because of this uncertainty, blue chip companies outside of the legal industry like Amazon, Disney, Google, IBM and Microsoft have cut hundreds of thousands of workers. Many blue chip law firms like Cooley, Davis Wright Tremaine, Goodwin Procter, Shearman & Sterling, and Stroock & Stroock & Lavan followed suit, laying off attorneys and staff in recent months. Of course, many more law firms probably cut attorneys or staff as well, but the public will never know about it.

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