Anyone worried about firms over-hiring? Our firm has hired a LOT of people. I know we need it now / the past year, but will this bubble pop?

likehelpful
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It will eventually so make sure you’re buddies with the partners

likehelpfulfunny

Shoot for 2400 and you gucci

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Khataj?

It depends on your group and firm. It seems like it is more similar to musical chairs, in which people are swapping firms instead of over-hiring. I think there was an overhire in restructuring work but I don’t believe to the level of mass layoffs.

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I suppose the answer depends on whether the hiring is actually materially changing the leverage ratio in the group. A lot of the hiring right now is just to replace associates that are leaving.

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If your firm let people go 12 years ago, then you likely have a good idea of their strategy. Hire a ton and cut the bottom performers when times get tough

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Yes. I was speaking with a partner today about this. He said he’s lived through too many ups and downs to know how this will end.

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I don’t really worry. Associates leave big law at such a rapid pace that firms can almost always slim down just by slowing/stopping hiring and letting attrition take its course.

likehelpful

That’s why I said almost always. Maybe when the whole economy implodes, things are a little different

Our firm is the opposite. We’re so top heavy I wish we hired more juniors. Two juniors on our team in a secondary market of a V100, two coming on

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When do you think this bubble will pop?

What firm are you at OP?

Kirkland for sure.

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