‘The layoff train’s gonna derail Biglaw!’

I’m surprised that anybody’s surprised. You’re going to continue to see it as firms look [to save money] in a slow-growth or no-growth economy. By far and away the biggest savings area is people.

Thomas S. Clay, a principal with Altman Weil, explaining that additional staff layoffs will soon be coming down the pipeline at Biglaw firms nationwide, specifically because nonlawyer staff salaries represent about 40 percent of a firm’s expenses.


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