International Layoff Watch: JPMorgan Chases Out Bear Stearns Lawyers
Lawyer layoffs: they’re not just an American phenomenon. Last month, for example, DLA Piper laid off lawyers in London. Here’s more layoff news from that fair city, from TheLawyer.com:
More than half of the UK lawyers at US investment bank Bear Stearns have been axed since the collapsed bank was taken over by JPMorgan.Out of 23 lawyers in London’s legal department, only 10 were offered new positions by JPMorgan, with nine accepting.
Fortunately, Bear Stearns refugees are landing new jobs without too much apparent difficulty. The Lawyer reports that ex-Bear Stearns attorneys have landed at Bingham McCutchen and Brown Rudnick, in New York and London, respectively.
JPMorgan cuts Bear’s headcount [The Lawyer]
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second?
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1 here: correction. FIRST!!!
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