Today Dechert, which laid off 63 lawyers and 62 staff in March, let go a significant number of associates, plus paralegals, staff attorneys and legal secretaries.
The firm has not made any official announcement or released precise numbers, but blawgs with sources inside the firm suggest that 25 associates were let go.
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Founded in 1975, Dechert LLP is an international law firm of more than 1,000 lawyers with top-ranked practices in corporate and securities, complex litigation, finance and real estate, and financial services and asset management
In 2006, Philadelphia’s Dechert was ranked 37th largest law firm in the world based on revenue. In 2007, the National Law Journal ranked the firm 25th largest in the United States based on number of attorneys.
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