There’s just no limit to the greed, it seems.
Earlier this week I reported that #biglaw was planning for record rate increases next year.
Well the same firms that are planning to jack up rates by 8% next year are simultaneously looking at laying off lawyers and staff just ahead of the holidays. And I guarantee you equity partners at this firm will still make MILLIONS even while they let go of hard working staff that are barely getting by.
But that’s the chew em up and spit em out world of #biglaw.
And I get it, these folks know what their getting themselves into–only 10% of lawyers in big law will ever make partner and the rest have got to go one way or the other–but the callous predictability of the whole thing somehow makes it even worse.
And there will be a ton more news on this subject yet to come.
Love the Baroness’ take on it:
Slowing demand??? Interesting. We are highly in demand haha.
-Baroness, Nov. 30, 2022.
On that note, Troutman Firm is still hiring. 🙂 Come work for a guy who has NEVER laid off even a single employee in nearly 15 years of running his own practice. Top benefits. Raises annually. And we treat clients right.
No wonder we’re in demand.