In its second round of layoffs in just four months, Orrick, Herrington & Sutcliffe sent home 12 percent of its nonpartner lawyers Tuesday -- one of the largest law firm cutbacks to date in the current layoff season. Orrick Chairman Ralph Baxter Jr. said the November cuts specifically targeted slowing practice areas, while this week's reductions are due to an unprecedented world economic crisis. Will other law firms conduct their own second round of layoffs in the near term? Consultants offer some predictions.
Do Orrick's Latest Layoffs Signal a Second Wave Ahead From Other Firms?
March 4, 2009