Biglaw

Another Biglaw Firm Institutes A 'Reduction In Force,' Laying Off Attorneys And Staff

2022 was not the firm's best year.

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layoff noticeSeems like every Biglaw prognosticator is busy throwing up warnings over how the anticipated economic decline is going to impact the legal industry. And with good reason — we’ve already heard associate layoff news from Cooley LLP and Goodwin and Shearman and Gunderson and Kirkland.

Now another Biglaw firm joins the layoff ranks. Procopio, a firm that made $128,919,000 in 2021 gross revenue, making it 194th on the Am Law 200, recently announced a “reduction in force,” letting go both attorneys and staff as part of the cost-cutting measure.

As the firm revealed in an internal email:

Consistent with many of our peer firms, 2022 was not Procopio’s best year. Most experts see “economic headwinds” during 2023. Management has been looking at cost-cutting measures and is in the process of implementing accounts receivable and practice management policies mandating best practices at all levels in the firm, starting at the top with the partners. You hear more about this in the near future.

Over the last couple of days we let go several attorneys and staff as part of a Reduction in Force. This was an especially difficult decision because it impacts our friends and colleagues. We’ve asked our Human Resources team to do everything they can to ease the transition process. We are grateful for their contributions to the firm.

You can read the firm’s full email announcing the cuts below.

If your firm or organization is reducing the ranks of its lawyers or staff, whether through open layoffs, stealth layoffs, or voluntary buyouts, please don’t hesitate to let us know. Our vast network of tipsters is part of what makes Above the Law thrive. You can email us or text us (646-820-8477).

If you’d like to sign up for ATL’s Layoff Alerts, please scroll down and enter your email address in the box below this post. If you previously signed up for the layoff alerts, you don’t need to do anything. You’ll receive an email notification within minutes of each layoff announcement that we publish.

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Kathryn Rubino is a Senior Editor at Above the Law, host of The Jabot podcast, and co-host of Thinking Like A Lawyer. AtL tipsters are the best, so please connect with her. Feel free to email her with any tips, questions, or comments and follow her on Twitter @Kathryn1 or Mastodon @Kathryn1@mastodon.social.

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