Ed. observe: 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 at first 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 type of a downturn. It’s extra, folks taking a breath and other people attempting to make an evaluation about the place they’re headed earlier than they commit sources.
— 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 companies falling 32% in Might 2025, in comparison with Might 2024. Savitzky went on to say that the hiring information was “not a pullback, however extra of a pause,” as a result of issues have been “so whipsaw” this yr.
Staci Zaretsky is a senior editor at Above the Legislation, the place she’s labored since 2011. She’d love to listen to from you, so please be at liberty to e-mail her with any ideas, questions, feedback, or critiques. You may observe her on Bluesky, X/Twitter, and Threads, or join along with her on LinkedIn.
