Baker & McKenzie has become the latest firm to announce redundancies, with the firm cutting six of its New York associates as a result of the ongoing economic downturn. The international firm's New York office houses around 140 lawyers including 60 partners and the cuts come as part of a range of cost-cutting measures introduced in response to market conditions.Bakers said in a statement issued today (9 January): "We are in strong financial health, thanks in part to a sound strategy and fiscal discipline, as well as our firm's geographic and practice diversity. However, over the last few months, as a consequence of the downturn affecting the global economy, we have seen declines in some areas."
January 09, 2009 at 10:52 AM
1 minute read
The original version of this story was published on Legalweek
Baker & McKenzie has become the latest firm to announce redundancies, with the firm cutting six of its New York associates as a result of the ongoing economic downturn.
The international firm’s New York office houses around 140 lawyers including 60 partners and the cuts come as part of a range of cost-cutting measures introduced in response to market conditions.
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