Biglaw Business is Booming Obviously, It’s Time to Talk About Layoffs
“The Am Law 100 was recently announced, ranking the top Biglaw firms by 2021 gross revenue. And it was a banger year in Biglaw. Every single Am Law 100 firm saw and increase in revenue. All. Of. Them. Plus 52 firms crossed over into the billion dollars in revenue world. And we know that Biglaw,” reports Kathryn Rubino their Above The Law.
“Firms are struggling to keep up with the demand on their legal services. They’re in need of qualified lawyers to staff the deals/cases that are filling up their books of business. So, yes, the lateral market’s been intense with all manner of repercussions like. But some Biglaw watchers are cautioning there’s a potential downside lurking in this.”
