The Lawyer Africa Elite 2014 features an in-depth look at 46 leading independent firms’ strategies in 15 key sub-Saharan jurisdictions, as well as the views of in-house counsel from some of Africa’s largest companies... Read more
This year, The Lawyer’s annual ranking of the largest UK law firms by turnover is available as an interactive, digital benchmarking tool. For the first time this will allow you to manipulate each data set against the metrics of your choice.
Baker & McKenzie lays off NY associates" />Baker & McKenzie has become the latest US firm to announce layoffs due to the economic downturn.
The firm has confirmed that six associates in the New York office have been laid off receiving a two months severance pay package.
In a statement released to the firm, Baker & McKenzie highlighted the challenging economic environment as the reason for the staff cull.
The statement said: “We are proactively focusing on helping our clients manage through these turbulent times, and we are acting to reduce our own operating costs. These actions include, but are not limited to, slowing or deferring some long-term projects, travel and hiring restrictions, and some limited workforce reductions.”
The magic circle has also been affected on both sides of the Atlantic with Clifford Chance making 20 layoffs in its litigation team in October (14 October). Yesterday the magic circle firm launched a redundancy programme in the UK which will lead to 70 to 80 lawyers being made redundant (8 January).
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