Biglaw layoffs may be good news for midsize firms.
During the past two years, Biglaw firms were desperate for talent and sometimes hired attorneys they would never have hired previously.
Lots of those attorneys thrived. Others, not so much.
But just because an attorney doesn’t meet the Biglaw performance standards doesn’t mean that attorney won’t thrive and be a rockstar someplace else.
So as the demand for legal services slows down, and Biglaw firms use performance evaluations to layoff underperformers, midsize firms will be there to scoop them up.
And that’s good news for midsize firms and those associates.