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Seyfarth Shaw Layoffs Could Be New Normal For BigLaw

Law360, New York (May 17, 2017, 9:01 PM EDT) -- Tough decisions regarding attorney layoffs like those announced by Seyfarth Shaw LLP on Tuesday are likely to become commonplace in a market where demand for law firms remains sluggish, expenses are high following a pay hike for associates last year and firms are fighting to keep high profits for equity partners.

BigLaw is in a period of transformation and adaptation, competing with alternative legal service providers, accounting firms and in-house attorneys for work that is increasingly divvied up, handed out or automated. At the same time,...
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