Weil Gotshal Lays Off 60 Associates, Slashes Partner Pay

Law360, New York (June 24, 2013, 12:42 PM EDT) -- BigLaw powerhouse Weil Gotshal & Manges LLP aggressively slashed lawyers and staff on Monday as it adjusts to a “new normal” in the legal industry, according to a morning memo to employees from the executive chairman.

Sixty associates are being cut from firm payrolls, along with scores of support staff, the firm announced. In addition, 30 partners — about 10 percent —  will also see their compensations slashed as part of the adjustments.

The cuts at the elite, 1,200-lawyer firm are among the most serious to...
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