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Layoffs Announced at Katen, Muchin Rosenman LLP

( 143 votes, average: 4.5 out of 5)
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10/16/08

In an emailed statement, spokesperson and partner Tanseem K. Goodman said that resizing decisions were not based on performance, but implemented in order to improve efficiency and ensure growth. Goodman added that despite the economic downturn ‘the firm’s financial performance remains strong.’ First-year associates and legal staffers were not affected by the cutbacks.


The layoffs come in response to a decline in demand for legal services in areas of litigation, capital markets, and real estate as the credit squeeze and lack of liquidity in the markets affect the global economy. Sonnenschein, another firm with its largest office in Chicago, laid off 25 employees last week and another 37 in May. On Tuesday London-based firm Clifford Chance announced the layoffs of 20 to 30 attorneys in litigation and business services departments. The Charlotte, NC firm of Moore & Van Allen made significant cuts in the financial services practice groups, while San Francisco-based law firm Heller Ehrman’s September collapse triggered the largest legal staff reduction in recent US history.

Katten Muchin Rosenman employers between 650 and 700 attorneys specializing in corporate, financial services, litigation, real estate, commercial finance, intellectual property, estates, and trusts. Besides one London office, the remaining eight offices reside in the US.

Katten Muchin Rosenman LLP.

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