In yet another sign that things in the economy need to get worse before they will get better, one of Nashville’s premier law firms has laid off 32 employees.
Bass Berry & Sims has cut 10 associate attorneys and 22 staff members from its roster. The cuts represent 5 percent of the firm’s attorneys and 9 percent of non-attorney staffers. The layoffs affected the firm’s Nashville, Knoxville and Memphis offices.
Layoffs at Bass Berry? This would never happen at Jack Daniels!
Bass Berry might be a small, southern firm to a lot of ATL readers, but don’t forget that regional firms are dealing with all the pressures that big, coastal firms are struggling with. Often enough, those firms are coming to the same Biglaw conclusions:
Keith Simmons, managing partner of the firm, told NashvillePost.com that the decision to downsize was not made out of financial distress.
“We are being asked to do more by our clients with less. This is an effort to get our cost structure in line with the market,” he said. “Big firms are going to have to look at their structure. We are staying close to the needs of our clients.”
A tipster called today’s move a “Bassacre”
Good luck, our Tennessee friends. I’ve been playing a solemn version of Rocky Top while writing this post.
Bass Berry lays off 32 [Nashville Post] (subscription)