Mass Layoffs at Seyfarth Shaw Hit Lawyers, Staff
Seyfarth Shaw is letting go at least 40 lawyers and several staff members, according to a Tuesday report confirmed by The American Lawyer.
May 16, 2017 at 05:46 PM
3 minute read
Seyfarth Shaw is laying off a substantial number of lawyers and staff members following soft demand in the first quarter.
Above the Law first reported Tuesday afternoon on the reductions, which it said involved at least 40 lawyers and staffers. They come on the heels of a strong 2016 for the Chicago-based firm, which pioneered the use of Lean Six Sigma business methods in the law. Seyfarth's gross revenue rose 6 percent last year, to $623.5 million, while profits per partner rose 3 percent, to $1.05 million.
Two sources who spoke with The American Lawyer confirmed that layoffs occurred and that Seyfarth's first quarter revenue came in below the firm's expectations. A third source said that billable hours were “soft” in the first quarter for a number of large firms.
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