Baker & McKenzie has made “up to” 20 associates redundant in the London office, according to The Lawyer.
All of the 285 support staff and secretaries in the City of London office have been told their jobs are on the line, although the firm would not confirm how many would be laid off.
Most of the associate jobs losses were in the corporate practice. The affected lawyers were offered two months severance pay.
The City office has been hit harder than the US practice because a larger portion of its revenues come from M&A activity.
At the start of the year, Baker & McKenzie laid off six associates in New York because of the economic meltdown.
Via The Lawyer.