Law firms are trying to operate more like businesses. As they move in that direction, there is a time and a place where they’ll have to adjust capacity. Generally, the industry has come to terms with the fact that firms will need to conduct layoffs and that shouldn’t be a sign of weakness or a threat to stability.
In fact, you could make that argument that is a sign of a well-run business and that could be attractive to some attorneys and partners.
— Kristin Stark, a legal consultant at Fairfax Associates, in comments given to The Recorder, concerning Biglaw firms’ need to trim headcount and conduct layoffs with transparency, rather than resorting to stealth layoffs.
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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.