This year, 10 percent of the firms plan to cut associates, 38 percent plan to reduce or discontinue hiring first-year associates, and 54 percent plan to shrink their summer programs.
At the same time, law firms are instead expressing a “growing enthusiasm” for a staffing alternative—contract lawyers, according to an Altman Weil press release. Last year, 39 percent of the law firms used contract lawyers. This year, 53 percent will or might do so, while 52 percent expect that contract lawyers will become a permanent part of their staffing plans.
This is good news for Montage Legal Group!