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Firm Layoffs Loom Large: Over 530 Cut In One Day

Law360 (March 4, 2009, 12:00 AM EST) -- The deep cuts at law firms across the globe continued this week, with Dewey & LeBoeuf LLP, Clifford Chance LLP and Shearman & Sterling LLP all announcing massive staff layoffs, and O'Melveny & Myers LLP confirming plans to cut around 90 attorneys in addition to 110 staff members.

The firms confirmed the reductions, which total over 530, on Wednesday.

A spokesman for Dewey said the firm intends to cut around 100 administrative staffing positions globally and anticipates a reduction of around 15 attorneys and 15 staff...
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