What's Going Down at Dechert?

We’ve been hearing vague rumblings of something about to go down over at Dechert LLP. Said rumblings are reminiscent of what we heard in the days and hours leading up to Cadwalader’s Thursday Morning Massacre. Also note this comment on today’s Morning Docket:

Not all Dechert associates have three days to enter their time. Some will need to enter it before they leave the building today.

We hear that certain groups at Dechert are super-slow, and morale in some quarters is super-low. These are, of course, often harbingers of lawyer layoffs.
We’ve put in an inquiry to the firm, but they haven’t gotten back to us yet. We’ll let you know if and when they do. In the meantime, feel free to dish in the comments, or email us. Thanks.
Update (4:40 PM): As reported by the Legal Intelligencer, Dechert just laid off 13 associates. We have a new post up on the subject over here.

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