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Sounds like a hire to fire situation. Can you return to your previous firm?
It's happening to OP before your eyes now.
Who left? Were they partners that left? Those partners may have left because they were pulling all the weight in terms of getting business. Very bad sign. You need to be spending a huge amount of time networking and trying to lateral out
Associates left because, ironically, they hated how much they were working.
Are we at the same firm because I’m in the exact same boat.