Lawyers Fear Pink Slips After Cadwalader Layoffs

Law360, New York (January 11, 2008, 12:00 AM EST) -- In the wake of Thursday's revelation that Cadwalader, Wickersham & Taft LLP will be handing pink slips to a slew of associates, lawyers across the nation were left wondering whether more law firms are set to suffer a similar fate.

The announcement by the New York City-based Cadwalader sent ripples of fear through the legal world.

The firm, which said the layoffs of 35 associates in its global finance and capital markets practices were due to the “unexpected and persistent volatility [that] continues to disrupt sectors...
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