The Lawyer’s new China Elite report contains the most detailed research available on the PRC legal market and contains unparalleled insight into the country's leading law firms. They vary in size, practice focus and geographic coverage, but they all share one common quality – ambition... 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 has continued its job cull by making 38 associates and 86 support staff redundant in the US.
The move follows the announcement of a second consultation in London, which is likely to lead to the loss of 85 jobs, including between 20 and 30 lawyers (12 March).
The first round of cuts, in January this year, saw 20 London associates made redundant.
In a statement about the latest job losses in the US, the firm said: “Although we’ve taken timely and aggressive steps to manage costs, it recently became clear that further steps were necessary. These are difficult times, and we regret that these decisions have become necessary.”
Six New York associates have already lost their jobs this year as the firm reviews its salary bill in response to the economic crisis (9 January).
This month, US firm Mayer Brown has also carried out another round of cuts, making 45 lawyers and 90 support staff redundant in the US. It laid off 33 lawyers in November last year (3 April).