Jerry Clements, chairwoman of Locke Lord Bissell & Liddell, says the firm laid off associates, counsel and staff today for economic reasons. She declines to give a headcount but says the layoffs affected all 13 offices. She says no partners were laid off, nor were any de-equitized or changed to counsel status. Clements says the practice areas hardest hit were real estate and finance.
Clements says the staff layoffs are effective today, while lawyers have a few weeks to finish up matters. The layoffs impact most levels of associates.
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