BCG News 06/02/09
Weil Gotshal Lays Off 79 Staff
Weil, Gotshal & Manges has eliminated 79 administrative positions across its US offices.
Those targeted will get severance packages with transitional income and benefits, including health care and outplacement.
In March, the firm deferred start dates for incoming associates.
Weil, Gotshal & Manges is an international law firm headquartered in New York City. It is one of the largest and most highly regarded law firms in the world, with approximately 1,300 lawyers and gross annual revenue in excess of $1.7 billion.
Clifford Chance to Lay Off New York Litigation Associates
Mark Kirsch, head of Clifford Chance's US litigation practice, has left the firm, leaving the 29 associates in the firm's New York litigation group under threat of layoffs.
The group and its associated staffers have been informed that layoffs are coming, but no numbers have been revealed.
Kirsch will be replaced in his position by Juan Morillo.
In March, Clifford Chance today laid off 24 of its New York associates.
Clifford Chance LLP is the largest law firm in the world, both by number of lawyers and revenue, and part of the UK's ''Magic Circle'' of leading law firms. It is a prestigious international practice with its principal office in London.
Kirkland Bankruptcy Lawyers Join Jones Day
Seven bankruptcy lawyers at the Los Angeles office of Kirkland & Ellis have left the firm to join Jones Day.
West coast restructuring group head Rick Wynne, partner Bennett Spiegel, of counsel Erin Brady and Lori Sinanyan, and associates Christopher Healey and Stacie Torres will work out of Los Angeles. Associate Lance Miller is in New York.
Jones Day is an international law firm headquartered in Cleveland, Ohio. It was founded in 1893 by Judge Edwin J. Blandin and William Lowe Rice. Jones Day is the 8th largest law firm in the world by revenue. It is currently the second largest law firm in the United States, with approximately 2,400 lawyers and gross annual revenue in excess of US$1.5 billion.
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