Attorney layoffs have become industry standard in recent months, with at least 50 of the nation's top law firms ushering practitioners out their doors and into a torpid job market. But just how much do law firms stand to save by slashing ranks? A lot, as it turns out, considering the options. Law firm leaders and industry consultants say a firm cuts costs by an average of $250,000 for each attorney let go. For each legal assistant or other staffer laid off, a law firm saves about $100,000.
Just How Much Do Law Firm Layoffs Save?
The National Law Journal
February 9, 2009