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Morning News Roundup for Friday

Good morning! It’s National Tequila Day!

Here are the top stories:

Dechert laid off as many as 25 associates, plus paralegals, staff attorneys and legal secretaries…

Fulbright & Jaworski laid off six associates and four staff at its Los Angeles office…

Quinn Emanuel is deferring half its incoming first year class of California associates to until January 2010…

Troutman Sanders has hired five intellectual property lawyers from the defunct Dreier LLP…

Philadelphia’s Deeb Petrakis has hired Blank Rome lawyers for its Business Transaction Group…

Erik Even: