Now That Goodwin Has ‘Ripped The Band-Aid Off’ On Layoffs, Will More Follow Down The Line?
My sense is that the worst is over, although I’m not suggesting there wouldn’t be more cuts three to six months down the road in response to a continued economic downturn.
— Alan Stone of Boston-area Stone Legal Recruiting, in comments given to the American Lawyer, on Goodwin Procter’s recent round of layoffs, made in response to the firm’s overcapacity considering the current economic climate. The firm has seen historic associate turnover since 2020, hiring more than 600 attorneys while losing almost 400 before January’s layoffs.
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Originally posted on: https://abovethelaw.com/2023/02/now-that-goodwin-has-ripped-the-band-aid-off-on-layoffs-will-more-follow-down-the-line/