Stroock & Stroock & Lavan has laid off nine lawyers and 18 staff as the firm looks to right-size amid what it called a “slowdown” that has caused a handful of other firms to take similar steps.
The layoffs came after a “comprehensive review” of the firm’s practice groups and the demand they anticipate, the firm said in a statement.
“In light of the current slowdown, we determined that we had more attorney and staff resources than we needed for the foreseeable future,” the statement said. “Therefore, we decided to separate from nine non-partner attorneys and 18 staff/business professionals, with severance ...
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