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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.

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Andrew Maloney

I'm a Chicago-based reporter covering the business of law, focusing on national and global law firms for The American Lawyer, Law.com and other ALM publications. Reach out: [email protected]    

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