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WHAT WE’RE WATCHING
LEANING INTO LEANING OUT – Many firms have reversed pandemic-induced austerity measures in recent weeks, but that doesn’t mean cuts aren’t still coming. As Dan Packel reports, legal industry watchers anticipate more law firms will follow in the recent footsteps of Davis Wright Tremaine, Baker McKenzie and Venable, using the pandemic as an opportunity to tighten up their operations. “For years, many firms have succeeded in spite of themselves,” Zeughauser Group consultant Kent Zimmermann said. “At a time like this when the economy is choppy and uncertain, it’s a little bit like when the tide goes out and you start to see the rocks better. An environment like this lays bear the inefficiencies and weakness firms have that in a strong economy are covered up.”
