Top law firms are beginning to show signs of austerity following the frenzied lateral hiring market in corporate practices in 2021. Multiple firms in the Am Law 50 have reportedly begun to take measures aimed at managing their attorney ranks.

Cooley has implemented a freeze on hiring associates, sources close to the firm have told The American Lawyer. Leaders at Cooley declined to comment for this story, but a spokesperson denied the existence of an “official hiring freeze” at the firm.