US duo White & Case and Orrick Herrington & Sutcliffe have both announced significant staff cuts in response to the worsening economic conditions. White & Case said last Wednesday (12 November) that it plans to lay off 3% of its global legal staff as part of a review of its operations. The cuts equate to 70 associates and 90 non-legal staff across the firm's US offices and London arm. Orrick, meanwhile, is planning to make 40 associates and counsel redundant across its structured finance, real estate and corporate groups. The firm is also laying off 35 support staff.At White & Case, the legal redundancies in the US represent around 13% of its associate headcount. In the UK around 10 London-based associates have been notified that they are at risk of losing their jobs - representing 2% of the 620-strong London workforce.
November 19, 2008 at 11:03 PM
1 minute read
The original version of this story was published on Legalweek
US duo White & Case and Orrick Herrington & Sutcliffe have both announced significant staff cuts in response to the worsening economic conditions.
White & Case said last Wednesday (12 November) that it plans to lay off 3% of its global legal staff as part of a review of its operations. The cuts equate to 70 associates and 90 non-legal staff across the firm’s US offices and London arm.
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