Layoffs Coming to AmLaw 100 Law Firms

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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. See more +
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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Topics:  Big Law, Layoffs, LPOs, Partnerships

Published In: Firm Marketing Updates, Professional Practice Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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