Orrick Herrington & Sutcliffe is laying off roughly 90 attorneys and staff and delaying its incoming class start date due to what the firm is calling reduced demand amid market uncertainty.
The San Francisco-founded firm is letting go of 40 associates and 50 staff members accounting for roughly 6% of the firm’s global workforce, Orrick confirmed in a statement on Tuesday.
In addition to layoffs, Orrick is delaying the start date for its incoming first year class until Jan. 16, 2024. The firm said it is providing its class of 2023 with a $15,000 stipend as well as additional stipend ...
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