Ed. word: Welcome to our day by day function, Quote of the Day.
One minute the recession was imminent, the subsequent minute the inventory market has rebounded to the place it was initially of Q1. So issues can change on the drop of a hat. And we did see robust hiring numbers for almost all of Q1, so nothing right here essentially tells me we’re in for any sort of a downturn. It’s extra, individuals taking a breath and folks making an attempt to make an evaluation about the place they’re headed earlier than they commit assets.
— Craig Savitzky, supervisor of analysis and perception at Leopard Options, in feedback given to the American Lawyer, on the state of the authorized job market, with new job openings for legal professionals at midsize and Biglaw corporations falling 32% in Could 2025, in comparison with Could 2024. Savitzky went on to say that the hiring knowledge was “not a pullback, however extra of a pause,” as a result of issues have been “so whipsaw” this 12 months.
Staci Zaretsky is a senior editor at Above the Regulation, the place she’s labored since 2011. She’d love to listen to from you, so please be happy to email her with any ideas, questions, feedback, or critiques. You possibly can observe her on Bluesky, X/Twitter, and Threads, or join along with her on LinkedIn.
