O'Melveny Layoffs May Presage Future Firm Cuts

Law360, New York (October 18, 2011, 7:20 PM EDT) -- O'Melveny & Myers LLP's recent decision to lay off 75 members of its support staff may be a harbinger of things to come if the economy continues to flounder, as a double-dip recession would likely force many law firms to cut staff, and even attorneys, experts told Law360.

While it is too soon to tell how deep the cuts could go and just how many firms might have to make them, legal consultants say that if the economy gets worse law firms that are already struggling...
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