Bloody Thursday Layoffs Also Hit Cozen, Epstein Becker; ‘Big Ones’ Still to Come
Posted Feb 13, 2009 7:12 AM CDT
By Debra Cassens Weiss
The count of jobs lost in yesterday's Bloody Thursday continues to swell.
Epstein Becker & Green and Cozen O’Connor have confirmed layoffs, bringing to eight the number of well-known law firms that cut people yesterday. In all, 476 staffers and 317 lawyers were laid off—or a total of 793 jobs lost in one day.
And a ninth law firm, Cadwalader, has begun to review the jobs of 16 London employees in a “redundancy consultation.”
Law firm consultant Peter Zeughauser told the Recorder that more layoffs are in the offing. "There will be more," he said. "Materially more. I'm aware of some big ones coming up."
The ABA Journal reported yesterday on six law firms that had confirmed layoffs. They are: Bryan Cave; Dechert; DLA Piper; Faegre & Benson; Goodwin Procter; and Holland & Knight.
Epstein Becker released a statement to Above the Law confirming the firm was laying off 23 attorneys and 30 administrative staffers. And Cozen O’Connor president and chief executive officer Thomas Decker told the Recorder that it is laying off 61 support staffers.
Meanwhile, Legal Week notes that Cadwalader is considering London layoffs of three lawyers, three paralegals and 10 support staffers. Above the Law notes the news and the low number of jobs at risk, calling it “probably the best news we've had all day.”
Here is a summary of jobs lost yesterday:
Bryan Cave: 58 lawyers and 76 staffers
Cozen O’Connor: 61 staffers
Dechert: 19 lawyers
DLA Piper: 80 lawyers and 100 staffers
Epstein Becker & Green: 23 lawyers and 30 staffers
Faegre & Benson: 29 lawyers
Goodwin Procter: 38 lawyers and 36 staffers
Holland & Knight: 70 lawyers and 173 staffers