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The legal industry is still adapting to the impact levied by the outbreak of COVID-19. But many organizations, including law firms, have already taken steps to try and soften the economic blow. Firms such as Curtis, Mallet-Prevost, Colt & Mosle have already cut associate salaries by 25%, while others such as Clayton Utz have instituted hiring freezes, or—in the case of Cullen & Dykman—begun the process of laying off and furloughing attorneys.

For out-of-work law firm attorneys, legal tech companies and alternative legal service providers can potentially serve as other sources of employment. But don’t count on seeing a massive redistribution of human resources within the legal ecosystem any time soon.

Kimball Parker, CEO of Wilson Sonsini Goodrich & Rosati’s tech subsidiary SixFifty, posited that law firms are more prepared now than they were for the recession in 2008, which may put some of the large-scale firms in a stronger position than others in the legal field to absorb the fallout from the novel coronavirus.

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Frank Ready

Frank Ready is a reporter on the tech desk at ALM Media. He can be reached at [email protected]

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