shutterstock.com Layoffs Hit Two Am Law 100 Firms
Davis Wright said its layoffs were "not a cost-cutting measure," while Baker McKenzie said the firm "felt the impact of increased market and business disruption around the world."
September 01, 2020 at 05:12 PM
4 minute read
Two Am Law 100 firms — Baker McKenzie and Davis Wright Tremaine — announced layoffs on Tuesday while also confirming plans to roll back some pay cuts.
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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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