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.

Full Show: Bloomberg Businessweek (03/24)
41:58 - Bloomberg Television takes you behind the scenes of our award-winning magazine "Bloomberg Businessweek." Hosts Carol Massar and Oliver Renick talk with the writers who break news on a weekly basis. (Source: Bloomberg)
  • S&P 500 Winners and Losers for 03/24
  • Full Show: Best of Bloomberg Markets Middle East (03/24)
  • How to Trade the Health Care Select Sector SPDR Fund