In its second round of layoffs in just four months, Orrick, Herrington & Sutcliffe sent home 12 percent of its nonpartner lawyers Tuesday -- one of the largest law firm cutbacks to date in the current layoff season. Orrick Chairman Ralph Baxter Jr. said the November cuts specifically targeted slowing practice areas, while this week's reductions are due to an unprecedented world economic crisis. Will other law firms conduct their own second round of layoffs in the near term? Consultants offer some predictions.
March 04, 2009 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
In one of the largest cuts of this layoff season to date, Orrick, Herrington & Sutcliffe sent home 12 percent of its nonpartner lawyers on Tuesday.
Worldwide, the firm cut 100 associates and of counsel from a total of 807, and 200 staff. Half of those affected are in the United States, the firm reported, while a quarter each are in Asia and Europe. A firm spokesman said no partners were let go.
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