DLA Piper Lays Off 20 Lawyers, 34 Staffers in Asian Offices
Posted Mar 3, 2009 12:11 PM CST
By Debra Cassens Weiss
DLA Piper is laying off 20 lawyers and 34 staffers in Hong Kong and other Asian offices.
A law firm spokesman told the Am Law Daily that most of the cuts will be made in DLA Piper’s 100-lawyer office in Hong Kong. The office, the firm's largest in the region, handles a lot of capital markets work that has been impacted by the economic downturn.
The Am Law story says DLA Piper has one of the largest Asia practices of any international law firm. Other offices are in Beijing, Shanghai, Singapore, Tokyo and Bangkok.
The move follows DLA Piper's layoffs of about 80 lawyers and 100 staffers in the mass round of law firm layoffs known as Bloody Thursday. The firm has also begun a layoff review of the jobs of 30 associates and more than 100 support staffers at eight offices in the United Kingdom.
DLA Piper recently invited 275 nonequity partners to take equity status by making capital contributions. Nearly all of them anted up, and the firm now has 670 equity partners.