Quartet of corporate partners quit Mayer Brown
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Four corporate partners have resigned from Mayer Brown’s London office as the US firm announces plans to cut up to eight associates from its office in the capital.
The firm’s latest redundancy consultation affects a number of different practice areas.
A Mayer Brown statement said: “We continue to look carefully at our business to ensure that we have as strong a platform as possible on which to build.
“We’ve concluded that a small reduction in headcount is necessary, which may result in up to eight fee earners from across the London office leaving the firm.
“All those potentially impacted by this decision have been notified and will be provided with support and assistance at this difficult time.”
The latest consultation is the third round of redundancies to affect the firm’s London office. In November last year The Lawyer reported that Mayer Brown launched a consultation affecting up to 11 associates (21 November 2008).
In March this year the firm shed 23 associates and 32 support staff in the City.
Despite the cuts Mayer Brown has been expanding its European business in recent months. Last month it announced its merger with Paris-based litigation boutique Ayela Semerdjian & Associes, adding seven lawyers to its dispute resolution department (26 November 2009).
In London Mayer Brown bolstered it finance practice during the summer by hiring leveraged finance partners Lee Cullinane and Nicola Marley from Clifford Chance and Linklaters respectively and asset based lending partner Graham Wedlake from Taylor Wessing (13 July 2009)
Readers' comments (5)
Anonymous | 18-Dec-2009 4:03 pm
Please don't tell me this has nothing to do with Paul Maher.
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Anonymous | 18-Dec-2009 4:27 pm
Will this firm recover?
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Anonymous | 18-Dec-2009 10:23 pm
Which firm, Halliwells? They managed to lose an entire office, CC pushed out over 70 partners, Linklaters more. Looks like Mayer Brown are just finishing up restructuring steps needed to correct structural decisions of previous leadership - cue Panto audience "He's behind you" !
Much more worrying is the RBS prediction of another 4-5,000 cuts in 2010 in the Top 50 firms. God help you all if they are even half right, that will make Mayer Browns steps look like a drop in the ocean
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Anonymous | 19-Dec-2009 2:32 am
What sort of article would announce these cuts without identifying th partners involved?
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Anonymous | 21-Dec-2009 12:11 pm
Rubbish, let's make no mistake about it Mayer Brown's in trouble, how many top partners have resigned this year?
The RBS line of argument baffles me somewhat, it’s not valid? I would have thought a so called top firm would set their standards a little higher than this.
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