Fried, Frank, Harris, Shriver & Jacobson chair Valerie Ford Jacob and managing partner Justin Spendlove sent a firmwide memo Monday announcing that the firm has laid off 41 associates and 58 staff members. Fried Frank, which has suffered badly from a plunge in corporate work, had previously taken only small steps to trim its ranks. The firm is also delaying start dates for incoming associates until January 2010 and paying those lawyers a $10,000 stipend.
Fried Frank Lays Off 41 Associates, 58 Staffers
The American Lawyer
March 30, 2009