Friday, October 2, 2009

More Layoffs

For the second time this year, the California law firm of Cooley Godward Kronish is axing employees. It has been reported that 58 staffers were cut recently, according to an all-hands memo from Cooley Chief Operating Officer Mark Pitchford.

"This reduction was conducted to eliminate pockets of staffing overcapacity throughout the firm," wrote Pitchford.

The firm laid off 52 lawyers and 62 staff in January of 2009 amidst the deluge of law firm layoffs. The Palo Alto, Calif., firm has had a rough go of it lately, losing a string of partners, including some of its top M&A lawyers.

Thursday's cuts represent about 5 percent or 6 percent of the firm's staff, said Pitchford, and the majority were secretaries. The information services and marketing departments also took a hit. Pitchford said that laid-off employees will be getting severance based on their seniority, but declined to elaborate. He contended that the cuts had nothing to do with the recent departure of partners or boosting 2009 profits. Source: Zusha Elinson

Warmest Regards,

Bob Schaller

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