Fried Frank set to axe 29 staff

November 8, 2013 Fried Frank is set to lay off around 29 staff in New York and Washington DC, including legal secretaries, library services personnel, and legal assistants.

Co-chairs David Greenwald and Valerie Ford Jacob issued a firm-wide memo explaining that the action was taken ‘to align our resources with evolving market conditions, technological advances and operational efficiencies’.

The ‘evolving market conditions’ they mention might refer to the fact that Fried Frank posted a 16.8 percent drop in profits per partner in the last financial year.

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