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DLA Piper Confirms Lay Offs By Christine Cristiano After rumours of more lay offs, the law firm of DLA Piper confirmed today that the firm has laid off 100 staff and 21 associates; the lay offs are concentrated in the U.S. offices only. To date, DLA Piper has laid off 440 attorneys and staff across the US and UK. In February, 80 associates and 110 staff members received their walking papers. In a move to further reduce costs, in May the firm initiated a 20% salary cut for associates based on their hours but changed the plan by reducing the pay cut to 10% across the board and omitting the ‘hours worked’ stipulation.
07/11/09
remains strong, a tightly-managed cost structure is essential to compete effectively during these uncertain times.’’
In a statement released by DLA Piper, the firm explains that they have ‘’experienced the worst economic period in generations’’ and ‘’have carefully gauged its impact on our business and responded by closely scrutinizing and reducing all of our material expenses across the board.’’ In addition, the firm made reference to the February lay offs and explained the reduction of workers was necessary to ‘’preserve as many jobs as possible while avoiding any further reductions later in the year.’’ In regards to the recent lay offs, the firm said that, ‘’unfortunately economic weakness has continued, demand across the legal sector remains soft, and it is increasingly clear that major improvements in the US and global economy will not occur before 2010. We have therefore regretfully concluded that we must reduce our ranks now by 21 associates and 100 staff. While the firm’s financial position
DLA Piper employs more than 3,593 lawyers in 66 offices across the world including the United States, Asia, the Middle East, and Europe. DLA Piper employs the largest number of lawyers in the world and based on revenue, is ranked 1st in the U.S. by revenue, according to The Lawyer’s 2008 US Top 50 and in 2006 was named the ‘’Global Law firm of the Year’’ by The Lawyer. The firm is known for its expertise in intellectual property , regulatory and government affairs and technology and media. The firm has said that severance benefits, outplacement counselling and other resources will be available for those affected by the lay offs.
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