Legal Lay-Offs

With the credit crunch continuing unabated around the world, the crisis has now left UK and US law firms reeling in its wake. The number of lay-offs keep piling up.Over in the UK, Hammonds has hit 95 and Eversheds clocks in with two redundancy consultations, with the first round having 33 jobs under the chopping block and its second with 45. On the other side of the Pacific, US firm Orrick Herrington & Sutcliffe will be laying off 40 associates and counsel and White & Case has measured in with 70 lawyers.

While areas linked to real estate practice has been pretty badly hit, the lay-offs are also hitting corporate lawyers doing M&A work for instance.

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