Impact of Remote Work and Recessions on the Legal Industry The legal market is undergoing significant changes due to the COVID-19 pandemic and the current economic recession. The shift to remote work has resulted in an increased demand for technology and cyber security services, changes in how law firms operate, new freelance and contract work opportunities, and potential long-term changes in office culture and legal practice. The... (24 views)
The Impact of Recessions on the Legal Market Summary: The recent economic downturn has significantly impacted the legal industry, leading to widespread law firm layoffs across the country. Many firms have had to make difficult decisions to cut costs and stay afloat during these challenging times, including reducing staff through layoffs, furloughs, and reduced hours. The effects of these layoffs have been felt by... (40 views)
The BCG Attorney Search Law Firm Layoff Tracker Summary: The BCG Attorney Search Law Firm Layoff Tracker is a tool that tracks and updates information on law firm layoffs in the United States. The tracker provides a comprehensive list of firms that have implemented layoffs, furloughs, and other cost-cutting measures in response to the economic downturn. It also includes information on the number of individuals affected... (31 views)
Layoffs and Stealth Cuts in Legal Tech Industry Amidst Economic Uncertainty Rumors of layoffs are commonplace in the legal tech industry, and this is no exception. With the talk of an economic downturn and a recession looming, many have warned of what might come alongside actual tech layoffs. This has caused some to worry about large fundraising rounds for the coming year, as companies may need to tighten their belts. (22 views)