Job loss. Credit: joyfotoliakid / Adobe Stock Amid Multiplying Law Firm Layoffs, Associates are Getting Anxious
'What if this quietness means that I'm actually just dead weight that the firm needs to get rid of. That kind of thinking works its way into your bones.'
May 14, 2023 at 08:01 PM
5 minute read
"Aligning staffing with levels of demand." That was the reason Dechert gave last week for its decision to reduce its global workforce by 5%. The figures tally up: earlier this year, the firm posted a 15% profit dip, so it's time to get the house in order.
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Michael G. Bongiorno, Andrew Scott Dulberg and Elizabeth E. Driscoll from Wilmer Cutler Pickering Hale and Dorr have stepped in to represent Symbotic Inc., an A.I.-enabled technology platform that focuses on increasing supply chain efficiency, and other defendants in a pending shareholder derivative lawsuit. The case, filed Oct. 2 in Massachusetts District Court by the Brown Law Firm on behalf of Stephen Austen, accuses certain officers and directors of misleading investors in regard to Symbotic's potential for margin growth by failing to disclose that the company was not equipped to timely deploy its systems or manage expenses through project delays. The case, assigned to U.S. District Judge Nathaniel M. Gorton, is 1:24-cv-12522, Austen v. Cohen et al.
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