{ "media_type": "text", "post_content": "Our firm leadership hasn’t been transparent about potential layoffs but we know they’re coming. What’s the best way to prepare and get a head start on next steps?", "post_id": "5e86633d68098a001a903acd", "reply_count": 3, "vote_count": 9, "bowl_id": "5e84bdb46d630a0022300cdf", "bowl_name": "Navigating Careers In Big Law", "feed_type": "qa_bowl" }

Our firm leadership hasn’t been transparent about potential layoffs but we know they’re coming. What’s the best way to prepare and get a head start on next steps?

likesmart
Posting as :
works at
You are currently posting as works at

I was on a call yesterday with our firm leadership. We talked about everything from summer clerks two people scheduled to start in the fall to current associates and staff. If current projections and trends hold, we are literally months away from any sort of reduction in pay, hours, or staff. But that could all change if our clients don’t pay the bills we just sent out for March, which was actually a fairly strong billing month for the firm. or if the work we think we have for the month of April dries up. Understanding the anxiety that many associates and staff members have, it’s important to remember the extremely uncertain situation facing management, which makes it hard to be “transparent.“ There is also a practical concern. If a firm says today “we aren’t sure but we may have to make changes in the future,” any associate who isn’t already freaked out will start hyperventilating. and if the firm says “we feel good and don’t anticipate changes,” but then faces changed circumstances, the firm will be accused of lying or misleading associates. Communications, in any fraught and unstable situation, is really, really challenging, and is often literally a no win situation.

like

In the meantime what you can do is work hard, preserve your cash, and focus on controlling what you can control.

like

Sorry to hear this. I think they’re most likely inevitable. Start refreshing your resume. Maybe start making connections with headhunters and see what’s out there in general?

Related Posts

Anyone ever get laid off with 6+ months left on their apartment lease? How’d you make It work? The “next string” of layoffs is apparently coming in October and I’m getting nervous (in-house)

Potential for Layoffs: I’m the most junior associate at my firm (30-40 attorneys in the Baltimore, MD area) by about three weeks. More in comments...

like

Anyone feel like FDD/AAS and equivalents are overhiring right now and gonna end up having layoffs once market activity slows down? Crazy number of openings everywhere it seems like

like

I know three staff (friends) at BDO who have gotten laid off recently... what's going on over there BDO people???

like

FYI for any art directors or designers who have recently been laid off.

Post Photo
likehelpful

Does an EEOC claim follow you? I was recently fired from a law firm because they said I didn’t progress in 3 months. However they knew in those three months I was pregnant and barely functioning.

like

Those in the know, how long in advance is your fate sealed before a layoff or furlough?

like

Serious question: After economic slowdown, layoffs, doomsday town halls, pay cuts, and general lack of any incentive across the industry— How are you keeping your teams motivated?

like

Has anyone worked with someone they phished on a red team? I'm joining a company that I assessed and the guy I compromised for initial access was extremely stressed and worried he would get fired, should I reach out when I join or just let it be?

like

What are telltale signs you’re going to get fired?

like

8 out of 12 folks who testified against Trump are fired, transferred or left office.

like

I know agencies across the board did some layoffs right before the holidays, but when do we think hiring will pick up again? Getting to a point where I feel like I need to start thinking about a change.

like

Can companies know if you send certain files to yourself via email once laid off? Resumes, certain models, etc?

likefunny

Someone who sucks today said we’re all in this together... but we’re not, because they’re about to get fired in a few hours and I cannot wait.

likeupliftingfunny

How can I earn a bazillion babillion dollars so I can FIRE and not have to worry about working? Older friend got laid off. Contd...

Heard a story about someone paying a creatives severance in penny’s and making him carry it out of agency. Sounds like BS but so insane it might be true...anyone hear this too?

like

Looking for emotional support after been laid off and second baby is on the way.

like

Just heard of layoffs at JWT NY. Stay strong folks, sending my love.

like

What's the shortest tenure you have ever had I just got fired from an industry job after escalating against a director as he was boiling the ocean

likefunny

How do you get a likable person fired? This bitch keeps talking down to me, undermining my suggestions then tries to steal my recommendations off hours when speaking to leadership .

Additional Posts

test on 1.1.5!

like

This is looking great!

Posting from the top side.

Post without company

like

Saw this and thought it was interesting. I know this is supposed to be the average in the United States, but doesn't everything seem really low? I was making more working full time as a grad student?

Post Photo
likefunny

Just in case - If we face a strong recession, how will it affect our jobs at Big4? Which positions will be the most vulnerable - Managers and above or SC and below?

like

3 years into consulting, my net worth is 19% of all the money I've been paid (pretax). You?

like

First week without travel in a looong time. Aside from sleep, exercise, see friends, what are some other things to try to knock out this week?

like

What are the responsibilities of SC at Deloitte? Is it equivalent to EY’s manager?

like

Am I the only one who is getting slow responses from EY recruiting team? Big D contacted me 2 weeks after and I’m further in that process than EY. Is this normal?

like

PSA: Everyone has shitty bosses and bs work sometimes. Even at higher levels =\ (Except maybe PPMD? Lol)

like

Does anyone else do breakfast/morning meetings at home and then come into the office at around 10/11? This gives me the perks of extra sleep and a non-rushed breakfast while still satisfying the office requirement. Or do your offices tacitly require you to be in by 9 if you’re coming in for the day?

like

Client takes Halloween too seriously.. I’m currently working for a Unicorn today. 🦄 🌈

likefunnyuplifting

Hired as a consultant but got assigned to work as a contractor for 1 year with possible extension. This is a BIG SCAM!!!

likeuplifting

Bain FBers...quick question. Why do you call your projects "cases"?

like

I consider myself a gen xer. I feel that in the past, longevity and loyalty to a company was the trend. Now, i see ppl with resumes and they stay for less than a year in a job and change jobs constantly. The younger generation and are so eager to move up the ladder. I wonder if the move up is too fast and is really justified. Or perhaps the younger generation feels a lot more entitled and are more aggressive. Thoughts?

likefunny

Does Amex Corp Plat have the same reward benefits as the personal one (5x points on flights and hotels booked through Amextravel)?

like

What percentage of your salary do you contribute to your 401K? Age group?

like

What’s Capgemini Invent like in terms of relative compensation and upward mobility? Would you jump ship from a larger firm, and for how much more (%-wise)?

like

Nothing like a quiet, clean, on time uber to start the day. #thelittlethings

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
Download Fishbowl to see what others are saying
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the Fishbowl app

Get realtime notifications and see
what's happening in your industry
from the palm of your hand.

For account settings, visit Fishbowl on Desktop Browser or

General

Legal