While many law firms during the economic slowdown have pulled back on associate recruitment or culled their lower ranks of attorneys, a lesson in recent history shows that any drastic moves could well lead to hiring headaches once business improves. And associate cuts that go too deeply today may create tomorrow's sky-high salaries. But predicting a law firm's future needs during an economic downturn is the "$64,000 question," says Dorsey & Whitney partner Robert J. Dwyer Jr.
Fast Job Cuts Could Lead to Regrets
The National Law Journal
August 29, 2008