London’s Big Law Firms Brace for Economic Downturn and Rising Recruitment Costs
The lessons of the GFC when law firm headcounts went down have seen Big Law firms in London resist the temptation to cut staff numbers as transactions drop in number and law firm revenues look more shakey. The intense heat of the London legal market and the pressure of the so-called ‘Cravath Scale’ involving dollar-for-dollar […]
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