Layoffs Coming to Large Law Firms

Feb. 8 (Bloomberg Law) -- Law firm consultant Kent Zimmermann of the Zeughauser Group tells Bloomberg Law's Lee Pacchia that partner layoffs at America's largest law firms are quietly picking up speed because of a lack of billable work coming in their doors. Legal process outsourcers (LPOs) and other alternative legal service providers are stealing low-value work from traditional firms, with one AmLaw 100 firm planning to layoff 25 percent of its associates firmwide over the next three years, he says.
Why Yemen Is Roiling the Oil Markets
18:51 - Yemen is the 39th biggest oil producer in the world, contributing only 0.2% to global output. So why are events there rocking the oil markets? Yvonne Man explains. (Source: Bloomberg)
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