Our sources tell us that Dechert will lay off 10 staff attorneys today. The number accounts for about 1/4th of the firm’s total staff attorney force.
Dechert laid off 19 attorneys two weeks ago [on Black Thursday], and 72 staffers back in December. So this news should not be particularly surprising.
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. Dechert has offices throughout the US and Europe.