Willkie Takes Bold Steps: Layoffs Announced Amid Efforts to Retain Legal Talent with Bonuses
New York — Law firm Willkie Farr & Gallagher has initiated layoffs as it attempts to address a significant exodus of lawyers, offering retention bonuses as an incentive for employees to remain. The firm, known for its strong practice in private equity and corporate law, is taking steps to stabilize its workforce amid a challenging legal landscape. The decision to reduce staff comes amid broader trends within the legal industry, where firms have been grappling with increased competition and a shifting market. Willkie, in particular, has faced scrutiny over its ability to retain talent as … Read more