DLA Piper announced today it is laying off 20 lawyers and 34 staff across its Asian offices, in response to the global economic meltdown.
DLA Piper has in recent years built up one of the largest Asia practices of any international law firm, with offices in Hong Kong, Beijing, Shanghai, Singapore, Tokyo, and Bangkok.
The majority of the cuts were in the Hong Kong office, the firm’s largest in the region, with over 100 lawyers. The layoffs were primarily focused on transactional practices.
DLA Piper is one of several firms that built large practices in the area in anticipation of a continued stream of initial public offerings by emerging Chinese companies.
DLA Piper’s Asia restructuring comes weeks after DLA Piper announced sweeping layoffs in the United States, cutting its ranks by 80 associates and 100 staffers. The firm has also had layoffs in the United Kingdom.
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Posted by Erik Even
on March 3, 2009. Filed under Law Firm News,Layoffs,World News.
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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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