Articles
Law firms are no strangers to the boom-and-bust cycle. Not long ago, the attention of the legal profession seemed fixed on million dollar profits per partner and starting associate salaries of $160,000. Now the headlines are all about postponing the hiring of new law school graduates, associate and staff layoffs, and the “de-equitization” or demotion of under-performing partners. The largest firms are facing a new economy shaped by a “perfect storm” in which ...Read More »
January 2009
