RAB Research Archive

Law-firm recruiting slows as deal work falls



A slowdown in corporate deals is affecting law firm hiring and giving overworked lawyers a breather, according to stories by Bloomberg Law and Law.com. Initial public offerings raised only $14.6 billion the first half of the year, down from $167 billion for the same period last year, according to Bloomberg Law. The drop in value is driven by the decline in deals involving special purpose acquisition companies that raise money through IPOs to buy or merge with existing companies.

Source: ABA Journal



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