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May 25, 2023 | The American Lawyer

Bryan Cave Leighton Paisner Cuts 47 Staff Globally, Citing Excess Capacity in Secretarial and Administrative Roles

The global law firm announced the layoffs Thursday morning, stating affected employees had been notified and provided with "competitive" severance benefits and outplacement assistance.
2 minute read
May 15, 2023 | The American Lawyer

Shearman, Togut, Gibson Dunn and Wachtell Land Key Roles as Vice Media Files for Chapter 11

Corporate bankruptcy filings through April were higher than the first four months of any year since 2010, according to S&P Global data.
2 minute read
May 09, 2023 | The American Lawyer

Dechert to Cut Global Workforce by 5%

The firm is letting go of 55 attorneys and 43 business professionals, including a "redundancy" process that has begun in London.
2 minute read
April 18, 2023 | The American Lawyer

Can 100%+ Realization Be Attained?

Amid industry-wide dip, some Am Law 100 firms soared.
7 minute read
March 16, 2023 | The American Lawyer

Lowenstein Lays Off 16 Business Professionals in Multiple Offices

The layoffs in New York, New Jersey, and Washington, D.C., came even after the firm saw a 12% hike in revenue last year.
2 minute read
March 14, 2023 | The American Lawyer

Signature Bank's Failure Prompts Alarm Bells for Law Firms

The bank's closing has led to immediate challenges for many midsize law firms, while many in the legal industry will be re-examining their banking relationships.
6 minute read
March 02, 2023 | The American Lawyer

Beyond Excess Capacity, Pooled Services and Automation Expedite Staff Layoffs

Law firms' increasing use of national teams and push for automation are putting more business professionals on the chopping block, especially when demand falls.
5 minute read
February 27, 2023 | The American Lawyer

Perkins Coie Lays Off 58 Business Professionals

In an internal memo, the firm cited "macroeconomic conditions" as well as "increased expenses" that surpass the rate of revenue growth this year.
2 minute read
February 15, 2023 | The American Lawyer

As Law Firms Push Aggressive Rate Increases, Clients Have Room to Negotiate

Some rate increases last year were "shocking at the high end," according to a new rate report, noting about 15% of Am Law 100 firms increased their rates between 10% and 20%.
5 minute read
February 13, 2023 | The American Lawyer

Procopio Lays Off 3% of Attorneys and Staff, Citing Continued Economic Headwinds

The San Diego-based firm is the third Am Law 200 firm to conduct layoffs in the past week.
2 minute read

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