Top 250 Lose 1,400 In 2010
The National Law Journal is reporting that throughout 2010, among the top 250 firms, 1,400 lawyers have been cut from the ranks. This is the second year in a row that law firms showed a decline in staff.
Not surprisingly, associates were the first to go, with a loss of nearly 1,000 associates.
Baker & McKenzie , the largest firm in the U.S., lost a total of 175 lawyers; White and Case lost 198; Latham & Watkins cut 147; and Morgan Lewis and Bockius slashed 109.
On a positive note, Ropes & Gray reported an increase in staff of 21.6%.