Fast cuts could lead to regrets

Firms find bad guesses are costly.

, The National Law Journal

While many law firms during the economic slowdown have pulled back on associate recruitment or culled their lower ranks of attorneys, a lesson in recent history shows that any drastic moves could well lead to hiring headaches once business improves. The business lull earlier this decade taught that while law firms may be tempted to cut from the bottom when work starts to dry up, associate cuts that go too deeply today may create tomorrow's sky-high salaries.

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