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Nationwide Layoff Watch: Powell Goldstein

Powell Goldstein LLP Powell Goldstein Frazer Murphy.jpgRumors of layoffs at Powell Goldstein have been swirling about for some time. But until now they’ve just been rumors.

This afternoon, James J. McAlpin, Jr., chairman of Powell Goldstein, confirmed the cuts for us. We emailed him and mentioned some of the numbers we’ve been hearing. He responded:

Although the reason for your interest in our internal business operations is a mystery to me, in an effort to prevent you from publishing a ridiculous number with respect to lay offs I can tell you the following.

As a result of the general economic situation and its effect on law firms, including our firm, we have needed to reduce operating expenses this year. This has included a reduction of staff across administrative departments and offices, and totaling less than 10% of our overall staff.

We have, unfortunately, also had to reduce our associate and counsel ranks in practice areas most affected by the current state of the economy. The number of associates and counsel involved in this action was less than 10. Jim McAlpin

We thank Mr. McAlpin for the information. As for the reason for our interest in law firms’ internal business operations, well, it’s kinda our job.

We continue to chronicle layoffs at the nation’s major law firms. If you have information that hasn’t been previously reported, please email us (subject line: “Nationwide Layoff Watch”). Thanks.

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