
Biglaw Layoffs May Keep Coming, But Their Impact On Head Count Won’t Be Huge
There's hope yet for associates' job security.
There's hope yet for associates' job security.
This is a can't-miss webinar for legal and financial leaders looking to learn more about key economic factors impacting legal departments in 2023.
Proper trust accounting and three-way reconciliation are essential for protecting client funds and avoiding serious compliance risks. In this guide, we break down these critical processes and show how legal-specific software can help your firm stay accurate, efficient, and audit-ready.
Thankfully, things are nowhere near as bad as they were during the Great Recession.
Making the conservative assumption that conditions will get worse before they get better, now is the time to assess your situation and take steps to position yourself to survive a downturn.
The good news is that if you are at a well-diversified firm, recession fears should not keep you up at night.
How to ride the bear and make sure your firm will survive a market downturn.
And how will lawyers be affected?
The state of the U.S. economy should not be a factor in your decision about whether to go to law school.
Some of the firms you apply to will, at least, show you the courtesy of sending their firm rejection letter on their nice firm letterhead.
As if you need more reasons to freak out.
Legal expertise alone isn’t enough. Today’s most successful firms invest in developing the skills that drive collaboration, leadership, and business growth. Our on-demand, customizable training modules deliver practical, high-impact learning for attorneys and staff—when and where they need it.
Three predictions about how the economic downturn will affect major law firms.
* Just in case no one saw this one coming, LeClairRyan has filed for bankruptcy. The firm owes $15 million to two secured creditors. [American Lawyer] * Like it or not, the next recession is coming: Some law firms will struggle more than others, and "once this party ends, its going to end very quickly and it’s going to end very severely." [Big Law Business] * What's wrong with the bar exam? This is what the National Conference of Bar Examiners’ Testing Task Force is taking its sweet time trying to figure out. [Law.com] * Law school classes come in all sizes, but you may want to think about how yours will affect the attention you'll receive, your social life, your networking opportunities, and most importantly, your ranking. [Law Admissions Lowdown / U.S. News] * Thank u, next? Pop star Ariana Grande has filed a $10 million lawsuit against Forever 21 after the store allegedly hired a look-alike model for a social media campaign, rather than Grande herself. [THR, Esq. / Hollywood Reporter]
No one knows when a recession is coming, so it would be prudent to prepare for one.
It wasn't just students who were emotional wrecks as their careers turned to dust.
Which lawyers are most vulnerable to layoffs?