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The firms that are seeing the biggest impact are the ones that over-hired last year and now that work has slowed. They hired so many attorneys that they don’t have the work to give them and so hours are extraordinarily low.
— Summer Eberhard, a partner at Major Lindsey & Africa who recruits associates, commenting on the recent wave of stealth layoffs that have occurred at Biglaw firms (e.g., Kirkland; Cooley; and Gunderson), in an interview with Bloomberg Law. The list of Biglaw firms that have already conducted stealth layoffs or will do so in the future is expected to grow.
Staci Zaretsky is a senior editor at Above the Law, where she’s worked since 2011. She’d love to hear from you, so please feel free to email her with any tips, questions, comments, or critiques. You can follow her on Twitter or connect with her on LinkedIn.
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