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.
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