Dechert has laid off 13 associates in its finance and real estate practice, reports the Legal Intelligencer, a Legal Times sibling publication. But after issuing the layoff notices, the firm appears to have switched course, offering the associates positions in other practice groups.
See this Intelligencer story for more detail.
The Dechert View on "layoffs":
"In my view, layoffs are when you decide to cut headcount. It's not when you decide to replace people with better people." -- Bart Winokur
Posted by: Dechert | October 22, 2008 at 10:39 AM