Biglaw Firms With Tech-Centric Clients May Soon Face Financial Difficulties
Will this mean more layoffs are ahead?
Bay Area firms saw record profits last year, partly because of the boom in the tech sector. Now we’re seeing a substantial number of employees being laid off at tech companies, and it makes sense those companies are also going to cut expenses, including legal fees. Firms with a tech-centric client base are going to feel that impact.
— Summer Eberhard, a West Coast-based associate recruiter with Major, Lindsey & Africa, in comments given to the American Lawyer in the wake of stealth layoffs made at firms like Cooley and Gunderson.
Staci Zaretsky is a senior editor at Above the Law, where she’s worked since 2011. She’d love to hear from you, so please feel free to email her with any tips, questions, comments, or critiques. You can follow her on Twitter or connect with her on LinkedIn.
