Mayer Brown yesterday laid off 75 staffers nationally, including 28 associates and counsel. Firm chairman Herbert Krueger wrote in an e-mail to all U.S. personnel that “prudent management” mandated the firm align staffing levels “with current and anticipated demand for legal services.” He said, “Although most of our practices are performing well, overall demand for legal services has not recovered fully, and in today’s tight legal job market, voluntary lawyer departures have been significantly lower than our normal levels.”
A spokesman for the firm declined to provide office breakdowns. Mayer Brown plans to provide severance packages and outplacement counseling to those affected. The layoffs were the latest in a string of previous cuts the firm has made globally starting in November 2008 affecting 101 lawyers and more than 122 staffers. In 2009, the firm’s revenue fell 14 percent to $1.12 billion, while profits per partner declined 4 percent to $1.06 million, according to affiliate publication The American Lawyer. Mr. Krueger, who took over as chairman last year, in his e-mail said despite the cuts, the firm saw “encouraging signs for 2010″ and “is off to a positive start.” – Nate Raymond
Sanction Recommended Over Missed Discovery Deadline
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