Squire Sanders Latest US Firm to Shed Staff
In a statement first published in law blog abovethelaw.com, Squire Sanders & Dempsey announced a total of 30 support staff and associate layoffs after completing its annual employee reviews. The firm emphasized that current projected business conditions influenced the timing of these decisions, and that they were working closely with all professionals affected to provide assistance and support.
Winston Strawn Gains 19 Thelen Lawyers
Nineteen Thelen lawyers have joined Chicago-based firm Winston & Strawn, becoming the latest group of attorneys from the recently-dissolved Thelen to get picked up by another firm. The 10-associate, nine-partner hiring is the third largest to emerge from Thelen after a 40 lawyer capture by Howrey and a 60-lawyer capture by Nixon Peabody earlier in the month. Seven former Thelen partners joining the Los Angeles and New York offices cover litigation, private equity, international transactions, real estate, energy and intellectual property law.
Mayer Brown Evaluating Practice Areas
The National Law Journal reports that Mayer Brown is evaluating its staffing needs due to slowdown in some practice areas. US law firms generally have seen a decline in real estate development, securitization work, and mergers and acquisitions in light of access to credit and increasingly demanding lending terms. Law blog Above the Law reported rumors that Mayer Brown was laying off lawyers this week, although the firm has declined to confirm these reports.