One analyst, though, said the worst may still be on the horizon. Concerning potential layoffs, Hugh Simons, a former senior partner at the Boston Consulting Group, said if larger firms shed lawyers at the clip they did between 2008 and 2010, the industry will lose 20,000 positions.
Estimated reading time: 0 minutes, 25 seconds
More Firms Announce Pay Cuts as Talk of Layoffs Looms Large
Reed Smith and Stroock & Stroock & Lava joined the pack of law firms announcing pay cuts, marking a continuing trend of bad news out of the industry. So reports the ABA Journal.
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