In its third round of dismissals in the past 18 months, Sonnenschein Nath & Rosenthal has cut about 30 lawyers this month, including 10 income partners, according to sources familiar with the firm's cost cutting. The firm eliminated most of the attorney positions in the real estate and corporate practices areas, cutting those lawyers who have remained idle because of the ongoing slowdown in banking, capital markets, real estate development, and mergers and acquisitions, the sources said.
Latest Sonnenschein Layoffs Cut Partners, Too
The National Law Journal
September 10, 2009