Chicago’s Mayer Brown has laid off 55 lawyers and support staff from its London office. A breakdown of the layoffs has not been released.
From the announcement:
In recent weeks, Mayer Brown has undertaken various actions to respond to the ongoing global economic crisis, which is impacting our clients, our profession and the firm. As part of that process, our London office today began a redundancy consultation that we expect will result in the departure of up to 55 lawyers and support staff. The action in London is part of a review of our global operations. We have not yet determined what that will mean for each office and practice…
We are carefully weighing our decisions and considering a number of options, with full recognition that these decisions could affect the careers and lives of people whose contributions to the firm we value.
Could?
In January, the firm said it would hire 100 for its Los Angeles office. However, the firm has frozen associate salaries.
Mayer Brown is one of the largest global law firms both by number of lawyers and revenue. The firm has over 1,800 lawyers in key business centers across the Americas, Asia and Europe.