Above the Law reports that Phillie’s Dechert, which recently announced that its profits and revenues are down, is laying off staff attorneys today.
Our sources tell us that Dechert will lay off 10 staff attorneys today. The number accounts for about 1/4th of the firm’s total staff attorney force.
Dechert laid off 19 attorneys two weeks ago [on Black Thursday], and 72 staffers back in December. So this news should not be particularly surprising.
Dechert LLP is an international law firm of more than 1,000 lawyers with top-ranked practices in corporate and securities, complex litigation, finance and real estate, and financial services and asset management. Dechert has offices throughout the US and Europe.
Via ATL.