Law Practice
Apr. 17, 2020
Lateral hiring slows as firms take cautious approach due to economic uncertainty
While many large law firms have taken quick steps to slash salaries to limit costs in response to the economic impact of the coronavirus, most haven’t laid off attorneys as they wait to see how the outlook changes during the spring.
While many large law firms have taken quick steps to slash salaries to limit costs in response to the economic impact of the coronavirus, most haven't laid off attorneys as they wait to see how the outlook changes during the spring.
But firms have grown cautious about adding laterals, unless they are filling a glaring need or are experts in bankruptcy, law firm observers say.
Larry Watanabe of legal...
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