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Reports of employees layoffs at a handful of enormous legislation corporations don’t present the entire image.
Many legislation corporations are shedding employees members. And in lots of circumstances, the layoffs are occurring with out publicity, recruiters told Law.com.
Recruiters stated the variety of layoffs vary from one or two individuals lower in sure departments to much bigger numbers. And the cuts are persevering with, in response to Amy Leafe McCormack of McCormack Schreiber Legal Search, a recruitment firm in Chicago.
“I wouldn’t be surprised if there aren’t at least a handful [of layoffs] at most firms by year-end,” stated McCormack informed Law.com.
While Kirkland & Ellis didn’t touch upon the report, many legislation corporations have confirmed layoffs in current months. Law.com has the record: Baker Botts; Baker McKenzie; Davis Wright Tremaine; Hogan Lovells; Nixon Peabody; Seyfarth Shaw; Sheppard, Mullin, Richter & Hampton; Skadden, Arps, Slate, Meagher & Flom; Thompson & Knight; Venable; and Winston & Strawn.
Some of these laid off have jobs which are linked to the workplace, akin to catering and mail room staff, recruiters stated. Some are staff who’ve issue with distant know-how. Some paralegals are being laid off, too.
McCormack informed Law.com that she is seeing much less demand for litigation paralegals, whereas demand stays sturdy for paralegals in mental property and transactional practices.
Despite the cuts, income is up at many legislation corporations as bills decline. Susan Mendelsohn of Mendelsohn Legal, a recruiting firm, informed Law.com that 90% of the legislation corporations she has spoken with are “doing very well economically.”