Reed Smith Announces Substantial Layoffs
Today Reed Smith officially announced that it is laying off 115 people across their US offices in the support areas of IT, finance, marketing, practice administration, knowledge management, human resources, and office services. Managers are looking at the London office and thinking about eliminating up to 7 support staff positions there and up to 11 associate positions in the business and finance departments. The layoffs come after the firm acquired 14 lawyers from Thelen last month.
White and Case Reveals New Management Structure
US Firm White & Case has revealed that it is overhauling its management structure to create practice group and regional divisions after management consultant McKinsey& Co. reviewed the firm's international strategy. A range of practice group heads will head each group in key regional jurisdictions including the Americas, Asia and Europe and the Middle East and Africa. The new management structure comes after the firm laid off 70 support staff and 90 associates from its US offices.
Cadwalader Loses Fourth Partner Since Summer Layoffs
After letting go of 96 lawyers this summer, Cadwalader Wickersham & Taft has lost its fourth partner. New York partner Frank Serbaroli has joined Greenberg Traurig's business practice and will lead the firm's healthcare practice. Serbaroli's departure also comes after the ousting of managing partner and former chairman Bob Link.