Tue, May 26, 2009
Good morning! Hope you had a good Memorial Day!
Last week in law firm layoffs: only 40 lawyers, 118 staff
Ropes & Gray has let go between 30 and 40 associates…
Sonnenschein plans to cut associate salaries, beginning June 1st…
Allen & Overy will reduce incoming associate class sizes…
Cadwalader, Wickersham & Taft tops the list of AmLaw 200 law firms by percentage of layoffs…
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This is sobering news, especially in an era that (you would think) would be perversely good for attornies. With worries about bankruptcies and consumer safety, as well as contractual interpretations necessary for areas as diverse as digital media and new-energy development, there should be work- not layoffs.
Seems recession has new victims