Analysis

How Attorney Layoffs Could Play Out In The Next Recession

Law360 (February 14, 2020, 1:59 PM EST) -- During the Great Recession, attorneys were battered by a long string of layoffs and nearly 60,000 jobs were lost across the legal industry.

Just over 10 years later, law firms are soaring on decade-high jobs numbers, but firm leaders and economists both predict that an economic downturn is right around the corner.

When a downturn hits, many law firms will be better positioned to weather the hard times without the need for layoffs than they were in 2008, and it is unclear whether the next downturn would amount to a full-on recession. But other firms have not made the necessary changes...

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