Lawyers Fear Layoffs

Law360, New York (May 1, 2008, 12:00 AM EDT) -- 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...
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