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Chances are you or someone you know in the legal profession has been drawn into the industry’s massive wave of layoffs, salary freezes, pay cuts and deferred hiring. Those on the inside and external observers universally agree law firms are in crisis. The employment picture is bleak, and the toll will be heavy for many individuals and law firms, industry experts say. “It’s no longer a question of downsizing; it’s a question of rightsizing. We’re re-engineering the law firm,” said Edward Poll, owner of LawBiz Management Co., a consulting firm that advises law firms and their leaders on practice management, business development and financial matters.
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