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Cooley Godward may be the first Silicon Valley law firm to lay off associates, but it's certainly not the only one wrestling with tough financial choices. There simply isn't enough work to keep lawyers billing at the levels of the frenzied tech boom of the past few years. Partners say privately that by becoming the first firm to officially do layoffs, Cooley may provide other firms the cover they need to make such a choice.
August 23, 2001 at 12:00 AM
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The original version of this story was published on Law.Com
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