Top 50 Biglaw Firm Makes Cuts Due To ‘Redundancy Issues’

Bonuses and raises could also be trending amongst Biglaw companies, however information of layoffs remains to be sneaking in amid all of the fanfare regarding compensation.

To that finish, we’ve not too long ago discovered that Proskauer Rose — a agency that introduced in $1,239,638,000 gross income in 2022, placing it at No. 39 within the Am Regulation 100 — reduce ties with greater than 20 members of its enterprise professionals workers again in August. The American Lawyer has the main points on the Biglaw agency’s layoffs.

Proskauer laid off 22 enterprise professionals in August as a part of a decision of cost-cutting and redundancy points, based on sources, noting that that’s about 3% of the agency’s enterprise skilled inhabitants. …

The legislation agency’s strikes are per a slew of huge legislation companies making enterprise skilled cuts, usually with none public announcement, as companies centered on effectivity, outsourcing and restructuring within the period of hybrid workplace preparations.

Better of luck to those that have been let go from Proskauer.

In case your agency or group is decreasing the ranks of its attorneys or workers, whether or not by way of deferrals, open layoffs, stealth layoffs, or voluntary buyouts, please don’t hesitate to tell us. Our huge community of tipsters is a part of what makes Above the Regulation thrive. You’ll be able to e mail us or textual content us (646-820-8477). Thanks in your help.

In the event you’d like to join ATL’s Layoff Alerts, please scroll down and enter your e mail handle within the field under this publish. In the event you beforehand signed up for the layoff alerts, you don’t have to do something. You’ll obtain an e mail notification inside minutes of every layoff announcement that we publish.

Proskauer Layoffs Underscore String of Massive Regulation Cuts in 2023 [American Lawyer]

Staci Zaretsky is a senior editor at Above the Regulation, the place she’s labored since 2011. She’d love to listen to from you, so please be at liberty to e mail her with any suggestions, questions, feedback, or critiques. You’ll be able to observe her on Twitter and Threads or join together with her on LinkedIn.

Enter your e mail handle to join ATL’s Layoff Alerts.