Law firms responding to survey questions about a hypothetical recession became more willing to take tough measures as the COVID-19 crisis worsened, according to recent survey findings by legal consulting firm Altman Weil.
• Before March 22, 60% said they would remove underperformers in a moderate recession. After that date, 71% said they would remove underperformers.
• Before March 22, 21% said they would reduce hiring of first-year lawyers in a recession. After that date, 39% said they would reduce first-year hiring.
• Before March 22, 25% said they would significantly cut overhead costs in a recession. After that date, 42% said they would do so.
