Trends and Analysis for Successfully Transitioning Lateral Partners
into New Partnerships While Minimizing Risk and Reducing Potential Liabilities


California Law Firm Departures in the COVID-19 Era

We read the news daily of law firms – big and small – announcing cutbacks, furloughs, layoffs, reductions in salaries, and distribution freezes. Every industry has been feeling the impact of this global pandemic, and the legal industry is no different. As lawyers who inherently crave predictability, it is difficult to conceive of when and how things will return to “normal,” if everything should, or if we are living in the “new normal” now. But in an age of increasing attorney mobility, what does all this uncertainty mean for law firm departures? Will the impact of the pandemic contribute to an increase in law firm departures – directed by both law firms and lawyers? Will law firms see partners and groups departing now, or do most lawyers plan to wait out the storm? The answer to all these questions is probably, yes.