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I think that's pretty accurate - firms will probably axe non-performing departments that previously existed solely to say they are full-service. Is revenue really the be-all, end-all though? Maybe this will even force firms to make themselves more profitable without increasing rates (i.e. reducing the physical size of the office, letting so some support staff, letting low performers go) and increase profit for those who stay. I know for a fact that my firm, for example, has some mediocre people around that were still profitable before because it was easy to find something for them to do (doc review... scrounging data rooms...) and now maybe we'll see these people being let go and the work redistributed.

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Hey A1. To me the most interesting aspect of this article deals with the prediction of a devastating outcome for midlaw. A lot of those firms are community bedrocks, especially in smaller markets. And together those firms employ a huge number of lawyers. If they suffer the fate suggested by this article, we will see a literal cataclysm in a big slice of the profession. The current oversupply of lawyers will get worse, the job market will get worse, the student debt situation will get worse, and on and on. At the biglaw end of the spectrum, I think what firms do will depend a lot on their market(s), core competencies, size, and other factors. Our overall demand is actually right on our pre-pandemic plan for the year, at least so far. That’s because we have material restructuring, legislative/lobbying, and life sciences practices, all of which are booming, and have a transactional practice that is relatively small for a firm of our size and stature (V25), so haven’t been as impacted as firms with a relatively large corporate, securities, and capital markets practices. That said, we do have a lot of litigators and the idea that it may take six years for overall demand to return to prepandemic levels is sobering. One change biglaw may see sooner rather than later is abandonment of slavish devotion to the Cravath scale at all but the 5 or so tippy top firms. One can only hope ...

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