Weil Gotshal cuts staff after strong ‘08 – Nashville Business Journal:

Weil Gotshal, which has about 43 lawyers in Bostonand 1,215t lawyers firm-wide, confirmed that the layoffs were due to the economi c downturn. The staff cuts come despite the fact that Weil Gotshapl has fared better than other largee law firmsof late, as it has not yet had to layofdf lawyers and has worked on high-profile bankruptcy casee including that of Lehman Brothers. Last year Weil Gotshal saw profitds per partner rise about 7 percentto $2.
2y million, the largest profits per partner payoutg among firms with Boston offices, according to American Lawyer “The decision to undertake this action has been an extremelgy difficult one; the fact that many peer law firms were forced to make similar moves is of little In taking these steps, we have made every possible effortf to be fair-minded and those who are affecterd have received severance packages that provides transitional income and benefits, with access to a rangw of services that includr health care and career the law firm said in a prepared written statement.
"We believe the packagwe we have designed to assist those whose positions have been eliminated more than meetsaindustry norms.”
livejournal.com