Sidley Austin has laid off off 89 associates and staff attorneys as well as approximately 140 members of staff, reports The National Law Journal. The cuts, which affect the firm's US offices, are in addition to "routine departures," according to an internal memo. Sidley Austin said that it is expecting its work slowdown to continue for 12 to 18 months. "The economy continues to present unprecedented challenges to the firm and its clients," the memo said. "While the quality and diversification of our practice and our conservative financial management have put the firm in a strong position to deal with these challenges, we are not immune to the current turmoil." The memo said it would provide the departing workers with financial and job assistance, but did not specify the length of the severance package it is offering.
March 13, 2009 at 05:03 AM
1 minute read
The original version of this story was published on Legalweek
Sidley Austin has laid off off 89 associates and staff attorneys as well as approximately 140 members of staff, reports The National Law Journal.
The cuts, which affect the firm’s US offices, are in addition to “routine departures,” according to an internal memo.
Presented by BigVoodoo
Celebrate outstanding achievement in law firms, chambers, in-house legal departments and alternative business structures.
The African Legal Awards recognise exceptional achievement within Africa s legal community during a period of rapid change.
Law firms & in-house legal departments with a presence in the middle east celebrate outstanding achievement within the profession.
A large and well-established Tampa company is seeking a contracts administrator to support the company's in-house attorney and manage a wide...
We are seeking an attorney to join our commercial finance practice in either our Stamford, Hartford or New Haven offices. Candidates should ...
We are seeking an attorney to join our corporate and transactional practice. Candidates should have a minimum of 8 years of general corporat...
MELICK & PORTER, LLP PROMOTES CONNECTICUT PARTNERS HOLLY ROGERS, STEVEN BANKS, and ALEXANDER AHRENS
