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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.
White & Case is cutting three per cent of its workforce including a handful of associates in London and around 70 across its US offices.
White & Case slashes jobs across international network" />White & Case is making significant layoffs across its US and UK network.
The US firm will be reducing its legal and non-legal headcount by approximately 3 per cent, resulting in the redundancy of around 70 associates in the US alone.
The number of lawyer job cuts in White & Case’s London office is not yet clear, although a spokesperson said: “A small number of fee earners, equating to about 2 per cent of headcount in London have been provisionally notified that they are at risk of redundancy.”
In a statement issued by the firm today, firm chairman Hugh Verrier, said: “We are living in a time of unique economic challenges, and well-managed, successful businesses, including White & Case, must assess their operations in light of current market realities. We believe this is a necessary step to adjust to the global economic downturn and to ensure a strong, long-term future for the firm.”
The move comes after White & Case concluded a wide-ranging review of its global operations by management consultancy McKinsey last month. Last month, TheLawyer.com reported that the firm had implemented a recommendation by McKinsey that it introduce regional and practice group heads (27 October 2008). It is thought McKinsey also recommended scaling back the partnership in less profitable practice areas.
White & Case has suffered a turbulent year, with management upheavals blamed for the defection of global co-head of banking Maurice Allen and Mike Goetz to Freshfields Bruckhaus Deringer in March.
In today’s statement, the firm added: “These reductions are being driven in large part by a decline in attrition rates. Those who have been asked to leave will receive a competitive severance package.”