Cooley Lays Off 150 Attorneys and Staff Across US Offices (2)

Cooley has laid off 150 attorneys and staff in what the law firm is calling a “painful but necessary” step to adjust for slowing demand.

The firm has let go of 78 attorneys and 72 paralegals and business personnel through its US offices, Chairman Joseph Conroy said Wednesday in an internal email obtained by Bloomberg Law.

A majority of the reductions came from the firm’s corporate team and primarily consisted of associates and a few counsel, a person familiar with the matter said. No partners were a part of the reductions, and there are no plans for further cuts, the ...