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Reports of employees layoffs at a handful of huge legislation corporations don’t present the entire image.
Many legislation corporations are shedding employees members. And in lots of instances, the layoffs are occurring with out publicity, recruiters told Law.com.
Recruiters mentioned the variety of layoffs vary from one or two individuals reduce in sure departments to much bigger numbers. And the cuts are persevering with, in line with 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,” mentioned McCormack instructed Law.com.
Above the Law just lately reported that Kirkland & Ellis is reportedly laying off employees members. One tipster instructed the weblog that greater than 50 individuals had been let go.
While Kirkland & Ellis didn’t touch upon the report, many legislation corporations have confirmed layoffs in current months. Law.com has the checklist: 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 can be linked to the workplace, similar to catering and mail room workers, recruiters mentioned. Some are employees who’ve issue with distant know-how. Some paralegals are being laid off, too.
McCormack instructed Law.com that she is seeing much less demand for litigation paralegals, whereas demand stays robust 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, instructed Law.com that 90% of the legislation corporations she has spoken with are “doing very well economically.”