Cooley has reportedly implemented a freeze on hiring associates, while sources say Reed Smith is responding to dipping profitability in lower performing regions by easing out senior lawyers who lack substantial books.
September 08, 2022 at 05:00 AM
5 minute read
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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.
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