Yesterday, Thursday, February 12th, 2009, six prominent firms fired over 700 attorneys and legal staffers, in what is becoming known as Black Thursday in the legal industry.
DLA Piper; Holland & Knight; Goodwin Procter; Bryan Cave; Epstein Becker & Green; and Dechert all confirmed layoffs yesterday.
Faegre & Benson also confirmed it initiated layoffs, and Cozen O’Connor let go of staffers on Tuesday.
DLA Piper cut 80 associates and 100 staffers from its US offices, plus 30 attorneys and 110 staff in its UK offices.
Holland & Knight fired 70 lawyers and 173 support staffers across the firm’s 21 offices.
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Goodwin Procter laid off 38 associates and 36 staffers.
Bryan Cave laid off 58 attorneys and 76 staffers.
Epstein Becker & Green laid off 23 attorneys and 30 staff members across the firm.
Dechert also confirmed that on Thursday it let go of associates and counsel. In December, the firm laid off 72 staffers in the US and 15 staffers in the UK. It also laid off 13 attorneys in March 2008.
Minneapolis-based Faegre & Benson dropped 29 attorneys.
Philadelphia’s Cozen O’Connor laid off 61 administrative staff and paralegals.
Posted by Erik Even
on February 13, 2009. Filed under Home,Law Firm News,Layoffs.
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Departures from a law firm are complicated for any attorney, but for a partner the details can be quite intricate. Please note: First and foremost, the interests of your clients should be absolutely paramount. Consultation with existing ABA and state bar guidelines on firm transition is suggested. Below you will find a list of important considerations for partners when changing firms. You will also find suggested practices for maintaining relationships, as well as obligations from a legal and moral perspective. Before You Begin to Meet with New Firms It’s important to review any existing employment agreement with your former firm to make sure you are in compliance with all provisions (pay particular attention to provisions regarding notice). Practice discretion with your existing firm until you [...]
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Anonymous
September 3, 2009 at 7:24 am
There is obviously a lot to know about this. I think you made some good points in Features also.