Give Dickstein Shapiro credit. When the firm lays people off, it doesn’t hide behind any performance review rhetoric. When Dickstein laid people off back in January, firm chairman Michael Nannes had this to say:
These are purely economic decisions — this is a group of talented attorneys who have made valued contributions to our Firm.
Dickstein is going back to the layoff well today. Once again, Nannes has some frank language:
It is with heartfelt regret that I announce today that we are readjusting the size of our workforce to better align the firm with the current economic climate and emerging legal services model.
Well then. Business model layoffs.
Numbers and the full memo after the jump.
Both associates and staff were let go today. Here’s the full memo from Nannes:
It is with heartfelt regret that I announce today that we are readjusting the size of our workforce to better align the firm with the current economic climate and emerging legal services model. This will include layoffs of approximately 3 percent of our associates/counsel and 10 percent of our staff. Employees directly impacted by this workforce reduction will receive notification today. Those affected will be offered a comprehensive separation package, including salary and medical coverage continuation, and outplacement services.
This was a difficult decision made with great reluctance after careful review of current circumstances in the legal industry and at our firm. We believe that this action combined with the continued strategic growth of our core practice areas and our conservative financial management will contribute to the firm’s continued strength and success in the years ahead.
We deeply appreciate the dedication, service, and valuable contributions of the attorneys and staff affected by this decision. We would appreciate your help in respecting our implementation of this process to ensure that our colleagues and friends who are impacted receive the respect and consideration they deserve.
Michael E. Nannes
Chairman
Dickstein Shapiro LLP
Is it possible to change the Biglaw business model without laying people off? Stay tuned.
Earlier: Nationwide Layoff Watch: Dickstein Shapiro





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