Firms Navigate Labor Market in Flux
By Zane Hill
January 30, 2023
A few months ago, there weren’t enough associate- and partner-level attorneys to go around much of the Los Angeles-area law firm market. Lately, the market for associates has cooled off a bit, while partners remain competitive among firms — for now, that is.
“We tried to dial it back and maintain fiscal discipline because we believed this was a temporary situation and that the market would swing back,” said Adam Bass, president and chief executive of downtown-based Buchalter LLP. “I don’t think we anticipated it would swing back as quickly as it did, but our estimation was correct. We didn’t over-hire and we feel like we came out of it pretty well. As a result, we don’t have to let anyone go.”
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