December 2024 Jobs Report - Legal Sector Loses Jobs

 After months of steady growth the legal sector had a setback. It lost 1,200 jobs.

Does this signal that heady times are over for law firms? Last year had been a record in Profits Per Partner for a number of large law firms. 

However, Reuters State of the US Legal Market projects a falloff in demand, along with rising expenses. Meanwhile those firms most aggressive in poaching, ranging from Kirkland & Ellis to Paul Weiss, have big nuts to pay out for those star equity partner lateral hires. As a result, will some of the non-stars - equity partner, non-equity partners, associates - get the boot? 

Here is my Substack article on the need to be a star in the unforgiving professional services game. And 6 strategies to pull that off. In my career coaching I have never come across a "star gene." Twinkling is a learned experience.

Essentially the middle has fallen out of white collar careers. Either you're a star or you're increasingly vulnerable to brutal performance reviews, PIPs, demotions and terminations for subpar performance. That's even happening to actual equity partners in a process known as de-equitization. 

Affordable Career Coach Jane Genova provides end-to-end career services, ranging from diagnosis of the challenges and fix-it strategies to preparation of resume/cover letters/LinkedIn profiles and how to gain control of an interview. I specialize in over-50 work issues. My edge is a background in marketing communications. For a confidential complimentary consultation please text/phone 203-468-8579 or email janegenova374@gmail.com. Remote and in-person.


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