Orrick Herrington & Sutcliffe is laying off around 40 associates and counsel, the firm announced yesterday (13 November). The cuts come in practice areas most affected by the slowdown - structured finance, real estate and corporate. In addition, the firm is laying off approximately 35 staff. The firm said in a statement that the actions were prompted by the global economic crisis which reduced transaction flow in certain practice areas, causing 'material overstaffing'.
November 14, 2008 at 10:02 AM
1 minute read
The original version of this story was published on Legalweek
Orrick Herrington & Sutcliffe is laying off around 40 associates and counsel, the firm announced yesterday (13 November).
The cuts come in practice areas most affected by the slowdown – structured finance, real estate and corporate. In addition, the firm is laying off approximately 35 staff.
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