Paul Caron has published an article on the TaxProf Blog, titled “BigLaw Associate Hiring Surges 24% As Legal Business Boom”, which discusses the recent hiring practices adopted by Big Law firms as they struggled to find associates after pandemic shutdowns. The article begins as follows:
Conservative entry-level hiring practices that bolstered Big Law firms after the Great Recession constrain them now as they struggle to find associates for the mountains of work after pandemic shutdowns.
Am Law 200 firms have hired more than 8,500 associates this year through Aug. 20, a 24% increase over the previous three-year average, according to data from Decipher, which provides lateral hiring due diligence services for law firms.
Hiring such a large group forced some firms to relax credential requirements and take on attorneys from small competitors in markets that might not have received a second look in less desperate times. …
Click here to see the full article: “BigLaw Associate Hiring Surges 24% As Legal Business Boom”
Posted by Anthony Tran, Associate Editor, Wealth Strategies Journal