Patton Boggs lays off 10 lawyers and 36 staff
Patton Boggs has announced that it will lay off 10 lawyers and 36 staffers, in the second round of cuts at the firm this year. The first round of redundancies saw sixty-five lawyers and staff lost their jobs in February.
In this round, the cuts were made to junior lawyer ranks in the firm’s New Jersey office, which has recently wound down work on a sizable litigation effort defending New York City and its contractors against claims relating to the Sept. 11 attacks on the World Trade Center.
Seven staff jobs were also cut from the New Jersey office, and another 28 staff were laid off across the firm’s six US and four Middle East offices.
The layoffs will save the firm $5.5 million in salary and benefits, according to Patton Boggs managing partner Edward Newberry, and are designed to reverse declining profitability. The firm saw revenue drop by 6.5% in 2012 to $317.5 million, while profit fell 14%.
Meanwhile, Patton Boggs is in merger discussions with at least two firms: Texas-based Locke Lordand a smaller New York firm.