From the press release:
Following the completion of an extensive review of its global operations, Mayer Brown announced today that it has made job reductions in its offices in the United States affecting 45 lawyers and 90 administrative staff…
The firm is also taking other measures:
* Postponement of the start date for most new first-year associates to January 19, 2010, with those affected receiving a $5,000 monthly stipend and subsidized medical benefits during their deferral period;
* Alternatives to full-time work schedules for lawyers in situations where this fits the needs of the individual and the practice; and
* Placement opportunities with pro bono organizations and corporate legal departments for some associates, who will receive a monthly stipend from the firm for one year and subsidized medical benefits.
Mayer Brown is one of the largest global law firms both by number of lawyers and revenue. The firm has over 1,800 lawyers in key business centers across the Americas, Asia and Europe.