Big Law Firms Under Pressure to Reduce Size Amid Low Billing Hours According to a Wells Fargo & Co. survey of 66 of the largest US law firms, Big Law firms are pressured to reduce their size due to attorneys' billing hours at a historically low rate. The survey's first quarter data shows that attorneys billed at an annual pace of less than 1,600 hours, the lowest figure in at least 15 years. This drop in productivity has led firms such as... (53 views)
Ericsson To Cut 8,500 Jobs Globally In Largest Layoff In Telecom Industry History Ericsson, a telecommunications equipment manufacturer, plans to reduce its workforce by 8,500 employees worldwide as part of its cost-cutting strategy, according to a memo seen by Reuters. This would be the largest layoff in the telecommunications industry, surpassing previous releases by technology companies such as Microsoft, Meta, and Alphabet due to economic... (2 views)