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.
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