Ed. note: Welcome to our daily feature, Quote of the Day.
These are probably not the last reductions in force that we’re going to see.
— Kate Reder Sheikh, a California legal recruiter for Major, Lindsey & Africa, in comments given to Bloomberg Law in the wake of Reed Smith’s reduction in force. The firm is just the latest to cut jobs in the wake of a slowdown in demand and overcapacity among their ranks due to a lack of attrition, or “bloated payrolls,” as Reder Sheikh put it.
Staci Zaretsky is a senior editor at Above the Law, where she’s worked since 2011. She’d love to hear from you, so please feel free to email her with any tips, questions, comments, or critiques. You can follow her on Twitter or connect with her on LinkedIn.