During the past few days, Washington, D.C.-based law firm Patton Boggs has laid off 30 associates and staff lawyers. as well as 8 paralegals, and other support staff.
The members of the firm's litigation practice bore the brunt of the layoffs, while no partners lost their jobs.
Patton Boggs' managing partner explained the layoffs by clients' changing payment patterns, an increase in deferred payments, and a decline in demand from bigger clients. The winding down of a major case in New Jersey and of a litigation and corporate matter in Texas also contributed to many of the layoffs.
According to the managing partner, these cuts are part of a strategic "right-sizing" and the firm hopes to save about $15 million in annual expenses through this exercise.
The new strategy also includes committing to major new investments, including opening an office in Dubai, United Arab Emirates, and maybe opening an office in Houston, moving support functions to Northern Virginia and refurbishing its Washington office.