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Biglaw May See ‘Targeted Firings’ Instead Of Mass Layoffs – Above the Law


Historically,
in
weaker
economies,
firms
have
had
cover
to
counsel
out
of
the
firm
people
who
have
been
underperforming
relative
to
expectations.
Usually
the
worst
offenders
go
first,
with
firms
working
their
way
up
from
the
bottom,
starting
with
those
who
have
been
weak
performers
over
a
number
of
years.


Layoffs
mean,
to
me,
mass
firings
of
people.
I
think
here
it
is
more
a
list
of
people
and
offices
and
what
they
contribute
to
the
firm.
The
people
at
the
bottom
of
that
list
are
ones
that
have
been
weak
performers
for
years.
Targeted
firings
of
weak
performers
are
more
likely.




Kent
Zimmermann,
a
legal
industry
consultant
at
Zeughauser
Group,
in
comments
given
to
the

American
Lawyer

on
what
we
can
expect
to
see
happen
when
it
comes
to
personnel
as
a
result
of
the
slowdown
in
demand
for
legal
services,
especially
in
M&A.
On
that
note,
an
anonymous
global
M&A
practice
head
told
Am
Law,
“We
are
not
interested
in
firing
people,”
while
at
the
same
time
saying
that
overall
performance
was
being
looked
at
closely,
including
office
attendance
and
hours
expectations.



Staci ZaretskyStaci
Zaretsky
 is
a
senior
editor
at
Above
the
Law,
where
she’s
worked
since
2011.
She’d
love
to
hear
from
you,
so
please
feel
free
to

email

her
with
any
tips,
questions,
comments,
or
critiques.
You
can
follow
her
on

Twitter

or
connect
with
her
on

LinkedIn
.

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