Credit: Olivier Le Moal/Adobe Stock Layoffs With One Hand and Group Hires With the Other? Big Law May Get Used to It
"This is standard operating procedure for any for-profit enterprise," Bruce MacEwan, president of legal consulting firm Adam Smith, Esq., said. "It's pretty hard to argue that healthcare is not a growth industry and on the other hand, you have tech companies like Google, Amazon and others that are over capacity."
January 25, 2023 at 05:00 AM
4 minute read
The original version of this story was published on The American Lawyer
Goodwin Procter's head-turning move in January—laying off dozens of firm personnel and then hiring up to 40 lawyers for a new Philadelphia office—caught the legal industry's attention for the abrupt and awkward chain of events.
However, industry observers say the two moves at Goodwin were likely unrelated and many other law firms will likely go through this sort of balance of pushing out lawyers and growing in key areas in the coming year—albeit with a slightly less-compressed time frame and less publicity.
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