BCG News – 02/19/09 |

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BCG News – 02/19/09


Simmons & Simmons May Lay Off Up to 69 Employees
Simmons & Simmons has announced a review that could lead to layoffs of up to 20 associates and 49 support staffers. Last year, the firm laid off eight associates and 21 support staffers.

BCG News – 02/19/09

Managing partner Mark Dawkins says the firm has no plans to cut partners.

More than 3,000 lawyers have been laid off by UK law firms since the beginning of the financial crisis.

Simmons & Simmons is a leading international law firm with over 2,000 employees, and 20 offices located throughout Europe, the Middle East and Asia.

Black Thursday — 700 Lawyers & Staffers Laid Off
Thursday, February 12th, 2009, six prominent firms fired over 700 attorneys and legal staffers, in what is becoming known as Black Thursday in the legal industry.

DLA Piper ; Holland & Knight; Goodwin Procter; Bryan Cave; Epstein Becker & Green; and Dechert all confirmed layoffs.

Faegre & Benson also confirmed it initiated layoffs, and Cozen O'Connor let go of staffers on Tuesday.

76% of Young Lawyers Happy with Their Career Choice
A new study by the American Bar Foundation, of 4,160 individuals who became lawyers in 2000, has found that 76% report they are either extremely or moderately satisfied with their decision to become an attorney.

The $1.8 million study is tracking the careers of lawyers over the course of 12 years. The attorneys were first interviewed in 2002, two years after they began practicing. The latest set of data comes from interviews conducted in 2007.

Among the study's major findings was that, as lawyers move deeper into their careers, fewer and fewer work in private practice. It also found that women continue to have difficulty becoming equity partners in law firms and are still not paid as much as men are.

The study also found, that between their second and seventh year of practice, 58 percent of the lawyers changed jobs.

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