Chicago’s Neal, Gerber & Eisenberg, a 200-lawyer firm specializing in real estate, litigation and mergers & acquisitions, has cut attorneys following annual performance reviews.
The firm this month cut ‘fewer than 10 attorneys’ across various practice groups, according to Jerry Biederman, the firm’s managing partner. He should hire a second grader who can actually count to ten, so we can know how many people got axed.
Biederman left open the possibility that the firm may have to make additional cost reductions if the economy continues to sour and negatively impacts law firm work. But the new Obama Administration’s proposed stimulus could accelerate companies’ disposal of real estate and other assets, and thereby boost transactional work.
The Obama Administration and its legislative priorities may also spur more work for law firms in practice areas related to healthcare law and labor unions and organizing, Biederman said.
Wildman, Harrold, Allen & Dixon, another Chicago firm with about 200 attorneys, said last week that it was cutting 10 attorneys, including five income partners and five associates.
Via Law.com.