Chicago’s Baker & McKenzie today announced the layoffs of 124 employees.
From the statement:
…management in North America and Global Services today [have] informed 38 attorneys and 86 paralegals and professional staff that their positions are being eliminated due to the economic downturn. These changes involve various practices, offices and Global Services departments in North America. Individuals affected will receive severance packages.
Last month the firm’s London office launched a redundancy consultation targeting up to 30 lawyers and 55 staffers.
Baker & McKenzie was founded in Chicago in 1949 by Russell Baker and John McKenzie. One of the first law firms to be truly global, it employs more than 3,900 lawyers in more than 70 offices in 38 different countries.