Legal News

So On Those Law Firm Layoffs, We?re Not Done Quite Yet

By Ashby Jones

Yipes.

We haven’t had one of these announcements in a while; we’d perhaps prematurely started thinking that these BigLaw pink slip emails were a thing of the past.

They’re definitely slowing down, but they’re not done yet. In an internal email today, Mayer Brown said it was laying off 28 associates and counsel and 47 staff in the U.S. According to the ABA Journal, the firm expressed regret at the layoffs, but said that reduced demand for legal services and reduced attrition made it necessary. Click here, also, for coverage from Above the Law.

According to the ABA Journal, the firm’s chairman Bert Krueger said in the email that there were “encouraging signs for 2010.”

“Taking this step,” the e-mail says of the layoffs, “will enable us to maintain our financial strength and continue investing in our practices, our global platform and the professional development of our people–and thereby enhance our ability to provide clients with the high standard of legal work and service that defines Mayer Brown.”

Full post as published by Law Blog - WSJ.com on April 08, 2010 (boomark / email).