Law firm Mayer Brown lays off more lawyers
Headline News
Mayer Brown continues to hemorrhage lawyers, despite what the Chicago law firm says are "encouraging signs" for 2010.
The international firm said Thursday that laid off 28 lawyers in its U.S. offices, which represents 3 percent of the approximately 925 U.S. lawyers. The layoffs did not affect partners, only associates and lawyers known as "counsel" who are not on partnership track.
Mayer Brown also reduced its administrative staff by 47 people.
This is the third job reduction since November 2008 at Mayer Brown. The two previous rounds affected at least 78 lawyers. The firm blamed the previous downsizing on the recession, which cut demand for legal services. It said Thursday that demand has bounced back but not enough. In addition, voluntary attrition has dropped, meaning that the firm was overstaffed compared to anticipated demand for legal services this year.
"Although most of our practices are performing well, overall demand for legal services has not recovered fully, and in today's tight legal job market, voluntary lawyer departures have been significantly lower than our normal levels," Chairman Bert Krueger said in an e-mail to U.S. offices. A Mayer spokesman provided a copy of the e-mail but declined further comment.
The layoffs come as Mayer Brown partners are scheduled to gather in Chicago later this month for the firm's annual meeting.
While stating that the layoffs were necessary, Krueger ended his memo touching on the firm's financial performance. "Thus far, the year off to a positive start."
The pace of layoffs across major U.S. law firms has slowed down compared to a year ago, when nearly every large firm resorted to job cuts to save their bottom lines.
Related listings
-
Baltimore Law firm Ober Kaler to move
Headline News 04/09/2010One of Baltimore's largest law firms, Ober Kaler, will move its headquarters by next April from the Sun Trust Bank building downtown to the 100 Light Street office tower a few blocks away.Lexington Realty Trust, which owns the 35-story office tower, ...
-
Conflicts Force Big Law Firms to Lose Clients
Headline News 04/07/2010Big blue-chip law firms are losing potentially lucrative assignments to smaller firms even as the industry sees a spike in lawsuits against banks stemming from the financial crisis. The reason for the change: ethics rules that govern conflicts of int...
-
Bryan A. Lowe & Associates - Las Vegas Tax Law
Headline News 03/31/2010Founded in 1982, Bryan A Lowe & Associates is a law firm based in Las Vegas, Nevada. The firm provides a wide range of services, primarily in the areas of estate planning, probate, bankruptcy, general business (corporate, partnership, and proprie...
Illinois Work Injury Lawyers – Krol, Bongiorno & Given, LTD.
Accidents in the workplace are often caused by unsafe work conditions arising from ignoring safety rules, overlooking maintenance or other negligence of those in management. While we are one of the largest firms in Illinois dedicated solely to the representation of injured workers, we pride ourselves on the personal, one-on-one approach we deliver to each client.
Work accidents can cause serious injuries and sometimes permanent damage. Some extremely serious work injuries can permanently hinder a person’s ability to get around and continue their daily duties. Factors that affect one’s quality of life such as place of work, relationships with friends and family, and social standing can all be taken away quickly by a work injury. Although, you may not be able to recover all of your losses, you may be entitled to compensation as a result of your work injury. Krol, Bongiorno & Given, LTD. provides informed advocacy in all kinds of workers’ compensation claims, including:
• Injuries to the back and neck, including severe spinal cord injuries
• Serious head injuries
• Heart problems resulting from workplace activities
• Injuries to the knees, elbows, shoulders and other joints
• Injuries caused by repetitive movements
For Illinois Workers’ Compensation claims, you will ALWAYS cheat yourself if you do not hire an experienced attorney. When you hire Krol, Bongiorno & Given, Ltd, you will have someone to guide you through the process, and when it is time to settle, we will add value to your case IN EXCESS of our fee. In the last few years, employers and insurance carriers have sought to advance the argument that when you settle a case without an attorney, your already low settlement should be further reduced by 20% so that you do not get a “windfall.” Representing yourself in Illinois is a lose-lose proposition.