Experts in the legal industry predict that law firms may increasingly evaluate ‘utilisation rates’ to pinpoint prospects for downsizing within their junior ranks. This prediction comes despite hopes of an upcoming resurgence in the market this year. However, current analyses by recruiters and insiders portray a sluggish hiring market and teams that are less busy than management expectations.
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Firms are said to regularly monitor the level of activity among their teams. However, the prediction suggests that ‘inactive’ junior lawyers might be at risk if transactional work continues to be ‘sluggish’.