Paul Hastings cuts 130 jobs

March 11, 2009 Paul Hastings has confirmed that the firm will be laying off 44 associates and 87 staff members.

In a statement the firm said:

"In light of the deteriorating global financial market, we have announced today a regretted but necessary step of reducing our workforce by 44 associates and 87 staff. We are appreciative of our colleagues’ contributions to the Firm during their tenure. Affected employees have been offered severance benefits to ease their transition."

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