Too Many Lawyers? Report Faults Firms for Resisting Layoffs

Source: The American Lawyer

By Nell Gluckman

Should law firm leaders be firing more lawyers? That seems to be the takeaway of a report released Wednesday by the legal consultancy Altman Weil.

Nearly 60 percent of the 356 law firm leaders surveyed for the report said that overcapacity is hurting their firm's profitability. The problem is more pronounced among firms with 250 lawyers or more, with 75.6 percent of them citing overcapacity as a drag on profits, the report said.

Jeffrey Lowe, leader of the law firm practice at the recruiting firm Major, Lindsey & Africa, agreed with Seeger that many law firms are actively shedding lawyers, but in a piecemeal fashion that doesn't always attract headlines.

"They're so reluctant to get rid of unproductive partners, and that's been keeping them from being as ruthlessly efficient as other industries might be", Lowe said.

Read more of this feature at The American Lawyer.

FIND A CONSULTANT

Connect with one of our experienced consultants to explore new horizons.

GET STARTED

CONTACT US TODAY

Want to know more about how we can help address your legal talent needs or help you fulfill your career goals? Fill out the form below to get started.

If you need immediate assistance, please call 1.877.482.1010 to be connected to the Major, Lindsey & Africa location nearest you.