Layoffs at law firms have almost been as drastic as those on Wall Street. Since M&A transactions have decreased due to the economy, many law firms with large corporate practices have been doling out pink slips. According to American Lawyer, over 2,800 attorney jobs have been terminated since January 2008.
Those firms with the most layoffs by percentage, according to American Lawyer,are:
Cadwalader, Wickersham & Taft LLP -29.8%
Orrick, Herrington & Sutcliffe LLP - 14.3%
McKee Nelson LLP - 13.3%
White & Case LLP - 13.0%
Dechert LLP - 11.8%
And the layoffs don't seem to be slowing down. Here are the latest layoff rumors and reports:
Day Pitney LLP may lay off 20 associates and counsel, according to Above The Law.
McDonough Holland & Allen PC has laid off four attorneys and 13 staff, according to the Sacramento Business Journal.
Milbank, Tweed, Hadley & McCloy LLP laid off 49 associates and 40 staff, according to The AM Law Daily.
John Briggs, who recently left Howrey LLP to build the Washington antitrust practice of boutique firm Axinn, Veltrop and Harkrider LLP, told The Deal's Suzanne Stevens that the environment right now is downright "bloody."
For a roundup of all the announced law layoffs to date, check out American Lawyer. For a roundup of the most recent layoffs on Wall Street, check out The Deal's Pink Slips on Wall StreetDealwatch or any of the links below. Also feel free to leave us any layoff or hiring rumors you are hearing. - Maria Woehr
(Follow me on twitter or send me tips: @newsgirlmw)
Layoffs at law firms have almost been as drastic as those on Wall Street. Since M&A transactions have decreased due to the economy, many law firms with large corporate practices have been doling out pink slips. According to American Lawyer, over 
