COVID-19 cases reportedly lead to federal court shutdown
The federal courthouse in Brooklyn, New York, was temporarily closed Friday after several security officers from the building reportedly tested positive for…
As several law firms announced layoffs this week, consultants warned of more bloodletting ahead. One consultant spoke of overcapacity among nonequity partners. Others said staff members are at risk as lawyers working at home are becoming more self-sufficient.
Some law professors are reporting the demand for their bankruptcy classes is booming. Ronald Mann, a Columbia Law School professor, told Thomson Reuters…
Are partners hoarding legal work in challenging times? That is one of the questions raised by a new report that found that the average growth in billed rates reached record highs in the year’s second quarter, even as demand for legal services plummeted.
Stealth layoffs could affect law firm ‘vitality,’ expert says
Attributing layoffs to performance rather than economic issues—so-called stealth layoffs—could harm associate relationships with law firm partners and leaders, according to…
Katten Muchin Rosenman’s decision to lay off some furloughed staff members may be followed by more announcements of layoffs at other law firms, according to legal industry experts.
Law firms responding to survey questions about a hypothetical recession became more willing to take tough measures as the COVID-19 crisis worsened, according to recent survey findings by legal consulting firm Altman Weil.