The NLJ 250 is out.
The National Law Journal’s annual survey of the country’s largest law firms shows (no surprise) that hiring slowed significantly in 2008. Seven large firms announced layoffs this year and two major firms on the list, Heller Ehrman and Thelen, dissolved, affecting about 1200 attorneys. DLA Piper stayed at the top of the list and K&L Gates climbed into the top ten firms
Among the findings:
Growth is down. The top 250 firms increased attorney ranks by 4.3%, compared to 5.6% in 2007.
16 firms entered or left the list with several firms from the south and east entering the list and several from the Midwest leaving.
K&L Gates grew significantly, becoming one of the ten largest firms for the first time through mergers and lateral hires.
The credit crisis led to layoffs at several large law firms. Seven large firms announced layoffs totaling more than 200 attorneys. Hundreds more lost jobs with the dissolution of Heller Ehrman and Thelen.