Anecdotal evidence from my friends in practice on what's happening on the ground:
1. Pay cuts
2. Mandatory no-pay-leave for a couple of days
3. Retrenchment in corp departments or redeployment to do dispute work
4. Trainees not getting retained
5. New birds on probation getting extended probation or not confirmed.

Take at look at law society careers portal and get a feel of the dismal number of openings available. Even without COVID-19, the legal industry was already in the decline in the past years (save for niche practices like international arbitration).

Baby boomer partners who reaped riches in the golden days of practice are more interested in exploiting young lawyers to protect their rice bowls (i.e. funding their bungalows and Mercedes) than imparting their skills and knowledge to the future generation of legal professionals.