While there has been a lopsided influx of workload for law firms owing to the boom in strategic M&A, investments and their resultant advisory owing to rapid change in regulations, court-based litigation experienced a lull, especially in the initial phases of the pandemic, with independent advocates, chambers and boutique firms experiencing a hit like never before.
Although active steps were taken by many law firms to ensure the well-being of their professionals, increased work hours, burnout and stress, coupled with remote working setups, led most lawyers to resign from their workplace. They moved to another firm in the same practice, moved in-house, left law altogether, shifted to a flexible role, worked as a freelancer or pursued higher education, the report states.
Source: Barandbench
