The firm said it is laying off 26 business professionals and 12 associates, "focused mainly on transactional practice areas most affected by current and projected market conditions."
February 08, 2023 at 02:30 PM
3 minute read
Shearman & Sterling is laying off 38 employees, including 12 associates and 26 business professionals, the law firm confirmed Wednesday, citing the need to align capacity with “existing client demands.”
“In light of the continuing and growing economic headwinds and market conditions, we made the difficult decision to adjust the size of our team in the U.S.,” said a Shearman spokesperson in a statement.
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Shearman & Sterling offices in Washington, D.C. Photo: Diego M. Radzinschi/ALM
