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Why law firms are tightening their belts, shrinking attorney ranks: ‘The work has fallen off a cliff’
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Some large law firms, citing economic headwinds and slowing demand, are tightening their belts by shrinking their attorney ranks and eliminating professional staff.
The law firms that have cut associate attorneys in recent months include Shearman & Sterling, Goodwin Procter and Stroock & Stroock & Lavan. Davis Wright Tremaine said it would eliminate professional staff, but not attorneys.
The...
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