Law Firm Layoffs, Furloughs, Salary Cuts, & Summer Program Changes in the Wake of the Coronavirus Pandemic
With the coronavirus pandemic plunging the world into economic decline, the legal industry has been scrambling to figure out how to proceed. With the Global Financial Crisis of 2008 still fresh in everyone’s minds, firms have had to strategize what steps to take early on in the COVID-19 crisis to avoid missteps of the past. Some firms have had to make the difficult decisions to furlough lawyers and staff, cut salaries, and reduce or eliminate their summer programs.
Below are some resources with detailed information on changes to law firm compensation, staffing, and summer programs.
Law Firm Furloughs, Layoffs, and Salary Cuts
- ABA Journal’s articles tracking firm layoffs
- Above the Law’s Tracker
- Law.com’s Overview
- Law360’s Roundup
Changes to Summer Associate Programs
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