Citing an uncertain economy, Cooley Godward Kronish axed 52 lawyers and 62 staff Wednesday. The 725-lawyer firm cut associates, including some who had just started this fall, and three special counsel. Practice areas most affected by the layoffs are those hardest hit in the economic downturn: corporate, transactional and public securities. Although the firm finished up a relatively strong year, with 14 percent growth in revenue, Cooley CEO Joseph Conroy said the cuts came in planning for the upcoming year.
Cooley Axes 52 Lawyers, 62 Staff
January 22, 2009