Big Law’s boom ended in 2022, as hugely profitable work slowed from the frenetic pace set last year and some major firms looked to tighten their belts.
The reversal of fortunes came as law firms and in-house legal departments navigated sociopolitical issues posed by Russia’s invasion of Ukraine and the Supreme Court’s decision overturning the constitutional right to abortion.
Some top law firms and lawyers also made big news on their own, whether it was Cravath opening its first office outside New York in a half-century or conservative litigator Paul Clement leaving Kirkland & Ellis over its decision to stop ...
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