Law Practice
Apr. 8, 2010
2009 Layoffs Shored Up Finances
Law firms found no silver bullet for achieving financial stability last year and layoffs turned out to be one of the few significant ways to control overhead costs.
and Rebecca U. Cho
Daily Journal Staff Writers
Business had been slow for nearly a year at San Francisco-based intellectual property law firm Townsend and Townsend and Crew. But its leadership waited through all of 2008 before finally confronting the issue of attorney layoffs in April 2009, which the firm had never done.
"The reason [for the wait] is that we really, really, really didn't ...
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