Slash and burn at major firms slows
Legal publications were set to celebrate the first week of the year in which no law firm publicly made staff layoffs.
LEGAL publications were set to celebrate the first week of the year in which no law firm publicly made staff layoffs.
To continue reading the rest of this article, please log in.
Create free account to get unlimited news articles and more!
But champagne corks were stopped as Weil Gotshal laid off 79 staff.
Redundancies have been rife writes legal blog Law Shucks. The rate continues to drop, however, even though unemployment numbers continue to rise.
Last week marked the lowest record of redundancies in US law firms for the year.
The week before reached just 148 layoffs, which was the same number as the first week of the year.
The week ending April 17 was the next lowest, during which 121 people were laid off in major law firms.
See the full Law Shucks summary of near redundancies here.