A Chicago law firm has laid off four of its 14 associates after hiring seven lawyers earlier this year in anticipation of an increase in construction litigation that never materialized.
McKee Nelson announced today that it laid off 17 corporate finance associates and 15 staff because of a steep decline in structuring mortgage-backed and asset-backed securitizations.
Associates aren’t the only professionals fearing law firm layoffs. The idea also troubles landlords, who rely on law firms to pay top dollar for office space that offers technology upgrades…
A review of costs at O’Melveny & Myers this year has resulted in staff layoffs, but ousted associates were fired for performance rather than cost-saving reasons, according to a firm…
The chairman of Dechert says overall associate head count is up at the law firm, despite some performance-related firings, and any talk of new layoffs is “bull.”
Three laid-off employees of Heller Ehrman have filed a class action suit that contends the law firm failed to follow federal and state laws requiring 60-day notification before layoffs.
Citing the consolidation of the banking sector and a slowdown in the structured finance market, New York’s Dewey & LeBoeuf announced it is pulling its office in Charlotte, N.C.
Perkins Coie wooed Heller Ehrman’s entire Madison, Wis. office, including 16 intellectual property litigators and 10 staffers, with its winning bid in an auction-style process the Oct 20, 2008 8:37 PM CDT
The ABA Journal wants to host and facilitate conversations among lawyers about their profession. We are now accepting thoughtful, non-promotional articles and commentary by unpaid contributors.