Kirkland & Ellis, Ropes & Gray Throw Associates Under the Bus

What’s startling is not that layoffs persist in Big Law, but the way some firms are discarding their talent like yesterday’s iPhones.

You don’t have to be an economist to know that Big Law is due for a correction. After hitting the jackpot during the pandemic, law firms are reeling from the slagging economy. Last year, initial public offerings in the US were down more than 95% from 2021, and there’s scant evidence this year will see a big improvement.

And in the first quarter, global M&A activity dropped to its lowest level in more than a decade. Add inflation, ...