Dechert Gives 13 Associates Layoff Notices

The slowing economy has hit home at Dechert, which has just issued layoff notices to 13 associates strictly in its finance and real estate practice, according to a source inside the firm. Shortly after the firm confirmed the planned layoffs, the source said Chairman Barton J. Winokur issued a statement that the firm would then offer the 13 associates positions in other practice groups. The possible departures come amid a record financial year for the firm with $836 million in gross revenue and more than $2.3 million in profits per equity partner.

Dechert Gives 13 Associates Layoff Notices Sat, Mar 1, 2008