Look Which Biglaw Firm Is Hiring (Corporate!) Associates...
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Doom and gloom in Biglaw might be the trend that industry observers are loving right now -- after all, who doesn't love a good fear-click? -- but not every Biglaw firm is looking to make cuts. Sure, some big firms (particularly those that are tech heavy or are overloaded on M&A) are cutting associates or delaying the start date of the class of 2023. Those aren't great signs -- and they certainly have the ring of 2008 aka, the Great Recession. Hence, the negative Nancys predicting more cuts on the horizon.
But unlike the Great Recession, these slashes to overhead were more of a trickle than the 2009 tsunami of bad news. Another key difference? A lot fewer firms are participating in the cuts. Indeed, some are zigging while others are zagging and hiring *more* folks despite the "industry trends."
Take a look at a recent Paul, Weiss social media post. On LinkedIn, the Biglaw firm is advertising they're still hiring junior associates (Class of 2023) for their corporate department.
Let this be a reminder, amid all the forecasts of trouble ahead for Biglaw, some firms are ready and eager to get even bigger.
Kathryn Rubino is a Senior Editor at Above the Law, host of The Jabot podcast, and co-host of Thinking Like A Lawyer. AtL tipsters are the best, so please connect with her. Feel free to email her with any tips, questions, or comments and follow her on Twitter @Kathryn1 or Mastodon @Kathryn1@mastodon.social.