Proskauer Rose announced job cuts on Wednesday.
Legal blog Above the Law reported that the New York firm laid off 23 attorneys, though a firm spokesman did not return calls for comment on the cuts.
This was the second round of job cuts at Proskauer Rose. The firm eliminated 35 associates and 25 staffers in December.
Only one major law firm job cut on a given day is relatively good news lately in the legal world. Four firms axed a total of 800 attorney and staff jobs on Monday, and another three firms cut 220 positions on Tuesday. Though March is less than halfway over, total law firm layoff this month are close to the total number of layoffs in all of February, according to the layoff tracker feature at Web site lawshucks.com.
Like many of its peer firms, Proskauer Rose had a difficult 2008. According to National Law Journal affiliate The American Lawyer, the firm’s profits per partner fell by 10% last year, though revenues increased by 1%.
News also emerged on Wednesday about an earlier job cut at midsize firm Pircher, Nichols & Meeks, which has fewer than 100 attorneys in offices in Los Angeles and Chicago. Firm partner Leo J. Picher told Above the Law that the firm recently eliminated eight attorney positions — five in Los Angeles and three in Chicago. Two of the laid-off attorneys were first-year associates. The firm already laid off eight attorneys and four staffers in December.
“The commercial real estate market, which is the area in which the firm’s practice is concentrated, has not recovered,” said Pircher in a statement that was posted on the blog. “As a result, the work of the firm has significantly slowed. Our clients tell us that they do not anticipate much of a recovery before 2010.”