Biglaw Layoffs Hit Shearman & Sterling: What it Means for Lawyers and Staff The layoffs of 12 associates and 26 staff members at Shearman & Sterling’s New York office are a sign that the Biglaw market is still feeling the effects of reduced client demand due to changing economic climates. The firm, which has seen slower growth in both revenue and profits over the last 20 years compared with its peer firms, had a disappointing bonus season last... (132 views)
The Stability of Big Firm Practice Areas - Are You Safe in Your Practice Area Long-Turn? A law firm cannot survive if it hires improperly. Law practice areas go through waves, temporarily self-destructing every eight years. If an attorney is caught in this situation, it can have fatal consequences to their legal career. Read to find out when and why are particular practice areas affected and what you can do to survive. (410 views)