ABA Journal

Layoffs

806 ABA Journal Layoffs articles.

Citing slowdown, Stroock & Stroock & Lavan confirms layoffs

Stroock & Stroock & Lavan has laid off nine lawyers and 18 staff members and business professionals.

Goodwin Procter plans layoffs of lawyers, paralegals and staff members

Goodwin Procter announced lawyer and staff layoffs in an internal memo Thursday that will affect 5% of its timekeepers and nonlawyer professionals.

Citing ‘overcapacity,’ Cooley lays off 150 lawyers and professionals

Cooley has laid off 78 lawyers and 72 paralegals and business professionals as a result of “overcapacity” following an “unexpected economic downturn.”

Some law firms tie in-person work to bonuses and job retention amid demand slowdown

Some law firms are getting tough with demands for in-person work, observers have told Law.com.

Some corporate associates lose their jobs at Cooley after performance reviews

Cooley has confirmed that some associates have been let go as a result of midyear performance reviews.

Fish & Richardson cuts litigation secretary positions; consultant warns of ‘dying profession’

Fish & Richardson is eliminating the position of legal secretary across its 14 offices.

Some law firms are ‘pulling back the throttle’ on hiring as expenses rise and deal work slows

Associates are confronting a new reality as law firms slow hiring in response to higher costs, rate pressures and a decline in demand, especially in mergers and acquisitions. “The demand for associates no longer exceeds supply,” says one recruiter.

Reed Smith expects to cut 66 legal secretary jobs in voluntary separation program

Reed Smith expects to cut 44 legal secretary jobs in the United States and another 22 of those jobs in the United Kingdom in a voluntary separation program, the law firm said Wednesday.

At these top law firms, profit boosts followed layoffs of lawyers and staff members

Some of the nation’s top law firms posted substantial boosts in profits last year after laying off attorneys or staff members, according to an analysis by Law.com.

After cutting lawyers in ‘a pace reminiscent of 2009,’ law firms see net income rise nearly 10%

Law firms saw a 9.9% growth in net income last year after cutting discretionary expenses and laying off lawyers, according to two reports released this week.

Morrison & Foerster cuts staff, citing trends accelerated by COVID-19 pandemic

Morrison & Foerster is cutting 4% of its staff positions in the United States and is in the process of eliminating a handful of staff jobs in the United Kingdom.

BigLaw firm cuts more than 130 jobs in offices overseas

Norton Rose Fulbright has cut 132 jobs in a restructuring affecting offices in Europe, the Middle East and Asia.

Law firms may be at ‘tipping point’ for change because of COVID-19 pandemic, new report says

Law firms learned lessons during the COVID-19 pandemic that could translate to permanent changes in the way that they manage their operations, deliver legal services and treat their employees, according to a report released Tuesday.

Some law firms that took paycheck protection loans banked the money, consultant says

More than 600 law firms received forgivable loans of more than $2 million under the government’s Paycheck Protection Program.

As worst-case scenarios for law firms fail to materialize, some trends emerge, new report says

With better-than-expected results for 2020, some law firms are prepaying expenses for 2021 and considering how lessons learned from the COVID-19 pandemic will apply in the coming year, according to a 2021 client advisory by Citi Private Bank and Hildebrandt Consulting.

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