Bingham McCutchen announced layoffs today.
…we have conducted a reduction in force affecting 16 Corporate associates, counsel and of counsel (of our 1002 total lawyers) and 23 staff members (of our 1091 total staff members). This reduction comes following an extensive review of our utilization and reflects a determination that, while our staffing is well-aligned in three of our four practice areas (Financial Institutions, Securities and Litigation), the global business downturn is likely to continue to reduce demand in our Corporate practice for the foreseeable future. We have reassigned more than 10 of our Corporate associates to our very busy Financial Institutions and Securities practices, but unfortunately, we cannot redeploy all of the lawyers…
Those affected by this move have been informed and will be receiving severance packages.
…after today’s reduction, we feel confident that our staffing will be well aligned with the demand for our services.
Bingham McCutchen LLP is an international law firm with approximately 1,000 attorneys in 11 US offices and three international offices. It represents clients in corporate litigation, cross-border restructurings and insolvencies, financing and securities, government affairs and a wide variety of corporate and technology transactions.
Posted by Erik Even
on March 5, 2009. Filed under Home,Law Firm News,Layoffs.
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