The slowing economy has hit home at Dechert, which has issued layoff notices to 13 associates in its finance and real estate practice, according to a source inside the firm. Shortly after the firm confirmed the planned layoffs, the source said the firm chairman issued a statement that Dechert would offer the 13 associates positions in other practice groups. The news comes amid a record financial year for the firm, with $836 million in gross revenue and more than $2.3 million in profits per equity partner.
Dechert Gives 13 Associates Layoff Notices
The Legal Intelligencer
March 3, 2008