Asked whether job cuts were necessary, some firm leaders said layoffs were needed for the health of their firms in the moment while others said the cuts were not expense-cutting moves.
March 04, 2021 at 05:00 AM
1 minute read
The original version of this story was published on American Lawyer
It was a year of big financial gains in Big Law, as well as layoffs.
According to American Lawyer analysis, at least 15 Am Law 200 firms posted revenue or profit increases above 5% in 2020, even after these firms laid off attorneys or staff last year.
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