Firms Quietly Show Partners The Door

Law360, New York (September 9, 2009, 7:26 PM EDT) -- First they went after administrative and support staff, then they stripped the associate ranks. Now law firms are shaking unprofitable midlevel partners loose as demand for legal services continues to wane, according to consultants.

Unproductive nonequity partners are being shown the door at the same percentage rate as associates, said Jerry Kowalski, founder of legal consulting group Kowalski & Associates. But firms are keeping the layoffs hush-hush, and those getting the ax are going quietly, he said.

“It's a reality, it's an absolute reality, and the...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.