Estimated reading time: 0 minutes, 25 seconds

More Firms Announce Pay Cuts as Talk of Layoffs Looms Large

Reed Smith and Stroock & Stroock & Lava joined the pack of law firms announcing pay cuts, marking a continuing trend of bad news out of the industry. So reports the ABA Journal.

hiring 1977803 640smallOne analyst, though, said the worst may still be on the horizon. Concerning potential layoffs, Hugh Simons, a former senior partner at the Boston Consulting Group, said if larger firms shed lawyers at the clip they did between 2008 and 2010, the industry will lose 20,000 positions.

Read the full article from the ABA Journal.

Read 2547 times
Rate this item
(0 votes)

Visit other PMG Sites:

PMG360 is committed to protecting the privacy of the personal data we collect from our subscribers/agents/customers/exhibitors and sponsors. On May 25th, the European's GDPR policy will be enforced. Nothing is changing about your current settings or how your information is processed, however, we have made a few changes. We have updated our Privacy Policy and Cookie Policy to make it easier for you to understand what information we collect, how and why we collect it.