Biglaw, Layoffs, Paralegals, Quote of the Day, Secretaries / Administrative Assistants, Staff Layoffs

The Layoff Train Is Out Of Control, And Your Firm’s Next

‘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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