Patton Boggs Lays Off 30 Associates and 35 Staff in Face of Falling Profits
Washington D.C. based Patton Boggs is laying off 30 associates and 35 staff members in the face of falling revenues and partner profits in 2012. But as of now, no partners have been asked to leave. The D.C. based firm has 485 lawyers.
The layoffs among the legal staff include paralegals, support staff and a public policy adviser. Most of the attorney layoffs will be in the firm’s Newark office. Other affected offices include D.C., NYC, Dallas and Denver. The layoffs will save the firm $14.7 million.
The firm’s managing partner Edward Newberry made the news public in a talk with The Blog of Legal Times, in which he also shared the reasoning behind such a move as well as other immediate plans for the firm. He called the move a “right-sizing exercise” and noted that the firm had not made any layoffs during the recession, while many other firms had done that. Newberry also said that he did not anticipate any more layoffs this year.
18 partners in the firm have also been warned that their performance is not satisfactory and they will have to leave before the year ends, if their performance does not improve.