ATL is convinced that Orrick, Herrington & Sutcliffe will hold major layoffs next week.
At this point we’re hearing that at least 160 attorneys will be laid off sometime between the meeting on Monday and the meeting on Wednesday. And many people believe that number is low. Some reports suggest that there could be as many as 340 staff layoffs, in addition to the attorney cuts. We expect the layoffs to affect all offices and we understand that first years are not at all safe.
The firm has over 1,100 lawyers worldwide in 21 offices, with more than 200 attorneys in each of its two largest offices in San Francisco and New York. The firm’s day-to-day administrative operations are centralized at a Global Operations Center in Wheeling, West Virginia.
Via ATL.