Lawyers Fear Layoffs

By Sara Stefanini

Law360, New York (May 01, 2008, 12:00 AM ET) -- Struck by a declining demand for legal work in structured finance, real estate development, private equity and even bankruptcy, some of the country's most prominent firms have resorted to laying off attorneys and staff.

Law firms Sonnenschein Nath & Rosenthal LLP, Cadwalader Wickersham & Taft LLP, Thelen Reid Brown Raysman & Steiner LLP, Dechert LLP and Jenner & Block have all announced layoffs of administrative staff, paralegals, associates, of counsel lawyers and even partners, at a time when legal industry experts report seeing a slowdown in...
To view the full article, take a free trial now.

Already a subscriber? Click here to login

You must correct or enter the following before you can submit this form:

All fields required

  5. Required

Only Law360 gives you:

Non-stop coverage of high-stakes litigation across 30 practices

Real-time tracking and reports on 10,000+ companies, firms and industries

Over 80,000 attorney profiles with neutral data collected from active lawsuits

Research tools to find cases, court documents, attorneys and companies

Customized feeds and alerts that can easily be shared with colleagues

In-depth expert analysis from high-profile attorneys at top firms

Access to our vault with over 75,000 original articles