As I write this, law firm layoffs are at unprecedented numbers. From where I sat two years ago, the current unemployment levels for talented, highly educated attorneys seemed inconceivable. How did we get to this current state? The answer isn't as simple as one might believe. We can't entirely blame large firm associate raises, although they certainly have compounded matters. My law firm clients tell us that in many ways their hands have been forced into layoffs because their clients are just not paying their bills. It's not that they don't have the work; the money isn't coming in, and unfortunately, decisions have to be made.
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