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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.
Dechert has announced that it is laying off 19 lawyers across its US network of offices.
In a statement today a Dechert spokeswoman confirmed: “The firm is laying off 19 lawyers in the US, primarily due to a reduction in demand that has affected most if not all of the legal industry.”
The lawyers are a mixture of associates and counsel and are spread between a number of practice areas across the firm’s 11 US offices. There are not thought to be any UK lawyer redundancies involved.
Today’s move is not the first round of layoffs Dechert has made. Back in March 2008, Dechert laid off 13 associates it from its finance and real estate (FRE) group due to the insufficient demand for work (3 March 2008).
More recently, in December the firm laid off 72 support staff from across its international network, including 15 in London.
The spokeswoman said that those affected by today’s layoffs would receive severance packages consistent with what had been offered in the past. She added that it was, at this stage, impossible to tell whether or not Dechert would be making further lay offs.
“We’re in a rapidly changing economic environment and it is impossible to predict the future,” she said. “We’ll deal with the world as it changes.”