The Lawyer Global Litigation Top 50 report is the only ranking of international law firms by litigation and arbitration revenue and is essential reading for anyone seeking to benchmark their litigation and dispute resolution practices...
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.
Boston-headquartered Ropes & Gray has announced that it was laying off 106 of its support staff, the equivalent of around 10 per cent of its non-lawyer personnel across all departments in the firm.
In a statement, Ropes chairman Brad Malt said his firm’s clients and marketplace had been “seriously affected” by the continuing global economic downturn. He said the firm “continues to be sound” but had recognised the need to align its staffing with the firm’s needs.
“We reached this difficult decision only after a thorough analysis of all possible areas for prudent cost reduction,” added Malt. “We determined that, in addition to significant cuts in non-personnel expenditures that have been made or are forthcoming, it was necessary to reduce our staff numbers.”
The bulk of the reductions are in Ropes & Gray’s Boston and New York offices, while Palo Alto and Washington DC have also experienced some reductions.
“With [these] actions, we believe we’ve fully taken the necessary personnel steps to address current economic circumstances,” Malt added in his statement. “We don’t anticipate making any further non-lawyer or lawyer reductions in force.”
Next week, Ropes & Gray’s policy committee will begin its annual state of the firm presentations to associates where questions about its layoff programme and other issues will be addressed.