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Black Thursday II: Latham & Watkins Lays Off 440

published March 04, 2009

By CEO and Founder - BCG Attorney Search left
Published By
( 34 votes, average: 4.7 out of 5)
What do you think about this article? Rate it using the stars above and let us know what you think in the comments below.
03/04/09

Black Thursday II: Latham & Watkins Lays Off 440

Latham & Watkins has cut 440 employees — 190 associates and 250 staff. The cuts are the largest to date by a US-based firm.

Latham's profits per equity partner dropped 21% to $1.8 million in 2008, while revenues fell 4% to $1.9 billion.

Latham & Watkins LLP is one of the largest law firms in the world, currently employing around 1,500 attorneys in the US, Europe, the Middle East and Asia. The firm was started in Los Angeles in 1934 and has extensive California roots, but its largest office is now in New York City.

Frisco DA Lays Off Lawyers, Staff
San Francisco District Attorney Kamala Harris laid off at least five staffers and two attorneys last week.

Harris blamed the City by the Bay’s $500 million budget deficit.

The staff laid off includes three paralegals and two investigators.

The office had 253 total employees, including 123 lawyers, before the layoffs.

Sonnenschein Shutters Charlotte Offiche
Partners at Chicago’s Sonnenschein Nath & Rosenthal voted today to shut the firm’s Charlotte, North Carolina office. The decision affects 11 lawyers and eight staff members.

Sonnenschein chair Elliott Portnoy cited “local marketplace realities, the declining demand for legal services in the Charlotte legal and financial markets, and the needs of our financial institution clients” for the decision.

Some lawyers will be offered the chance to relocate, while others will receive severance packages. The closure will take effect April 1st.

Alternative Summary

Harrison is the founder of BCG Attorney Search and several companies in the legal employment space that collectively gets thousands of attorneys jobs each year. Harrison’s writings about attorney careers and placement attract millions of reads each year. Harrison is widely considered the most successful recruiter in the United States and personally places multiple attorneys most weeks. His articles on legal search and placement are read by attorneys, law students and others millions of times per year.

More about Harrison

About LawCrossing

LawCrossing has received tens of thousands of attorneys jobs and has been the leading legal job board in the United States for almost two decades. LawCrossing helps attorneys dramatically improve their careers by locating every legal job opening in the market. Unlike other job sites, LawCrossing consolidates every job in the legal market and posts jobs regardless of whether or not an employer is paying. LawCrossing takes your legal career seriously and understands the legal profession. For more information, please visit www.LawCrossing.com.

published March 04, 2009

By CEO and Founder - BCG Attorney Search left
( 34 votes, average: 4.7 out of 5)
What do you think about this article? Rate it using the stars above and let us know what you think in the comments below.

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