More Biglaw Layoffs In 2024? A Prediction From An Industry Expert No One Wants To See Come True

Law firms seem to be preparing for decreased demand, so they’re rightsizing their associate pools.
The post More Biglaw Layoffs In 2024? A Prediction From An Industry Expert No One Wants To See Come True appeared first on Above the Law.

Ed. note: Welcome to our daily feature, Quote of the Day.

It’s quite possible we’ll see more layoffs this year. At the very least, I expect we’ll see firms making quick termination decisions for any performance issues. There is only so long firms are willing to carry excess capacity.

— Nikia Gray, NALP’s executive director, in some additional analysis given to Bloomberg Law on the organization’s recent report on lateral hiring in the legal marketplace. Lateral hiring was down 35% in 2023, following 2022’s decrease of 11.5%.

Staci Zaretsky is a senior editor at Above the Law, where she’s worked since 2011. She’d love to hear from you, so please feel free to email her with any tips, questions, comments, or critiques. You can follow her on Twitter and Threads or connect with her on LinkedIn.