Citing slowdown, Stroock & Stroock & Lavan confirms layoffs
Stroock & Stroock & Lavan has laid off 9 attorneys and 18 employees members and enterprise professionals.
Stroock gave Regulation.com this assertion in a story revealed Monday: “Following a complete evaluate of every of our apply teams and the demand to be serviced by them in gentle of the present slowdown, we decided that we had extra lawyer and employees sources than we would have liked for the foreseeable future. Due to this fact, we determined to separate from 9 attorneys and 18 employees/enterprise professionals, with severance and different assist being offered to assist ease the transition. We want our colleagues the perfect of their future endeavors.”
Not one of the attorneys laid off had been companions, Stroock informed Regulation.com, which was noted by Above the Law.
A number of different legislation corporations have additionally cited the downturn as the rationale for layoffs.
In an inside memo Thursday, Goodwin Procter announced layoffs affecting 5% of its timekeepers and nonlawyer professionals.
On the final day of November, Cooley announced layoffs of 78 attorneys and 72 paralegals and enterprise professionals.
Kirkland & Ellis trimmed attorneys in November however mentioned the choice was associated to their efficiency opinions, in accordance with Regulation.com.