Law Practice Management
Seyfarth Axes About 40 Attorneys and Staff in Latest Round of Layoffs
Posted Jan 15, 2010 2:10 PM CST
By Martha Neil
In a new cost-cutting move, Seyfarth Shaw announced in an internal memo yesterday that the law firm is laying off approximately 20 attorneys and 20 staff members nationwide.
Describing 2009 as "one of the most challenging years in generations for our clients, our peers in the legal profession and for our firm," the memo says that yesterday's cuts are "an appropriate adjustment to meet the challenges of the year ahead with confidence and momentum," reports the American Lawyer.
The 750-lawyer Chicago-based firm, which is particularly known for its employment work, doesn't break down the offices or practice areas in which individuals were let go.
Late last year, the firm also announced a pay cut for first-year associates.