While law firms enjoyed strong revenue and profit growth last year, they also cut their associate ranks by the end of 2020, according to a new report.

Although non-legal staff members were the targets of initial layoffs and furloughs in 2020, firms also began to cut lawyers by the third quarter, with associates bearing the brunt of the cuts, according to a Thomson Reuters Peer Monitor Index report released Tuesday.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]