The economic fallout of the Covid-19 crisis has reached America’s top grossing law firms. In response, many firms have acted quickly to protect their bottom line by instituting pay cuts and reducing partner draws; some have laid off or furloughed staff. In this video, Bloomberg Law’s Meghan Tribe and legal industry experts assess the impact on Big Law: what might happen if the crisis lingers and whether any law firms are in danger of collapsing. Industry experts featured include Michelle Fivel of Major, Lindsey & Africa, David Lat of Lateral Link, Bruce MacEwen of Adam Smith, Esq., Naz Vahid of Citi Private Bank, and Kent Zimmermann of Zeughauser Group.
As Law Firms Cut Costs, Big Law Experts Mixed on Future (Video)
May 14, 2020, 6:10 PM UTC