Dechert Lets Multiple Associates Go After Performance Reviews
Dechert’s announcement this week that it has laid off several associates after a round of performance reviews may signal a boldness and lack of concern for public criticism that could spell trouble across the industry, writes Joe Patrice for Above the Law.
“Firing first-years … that’s a firewall firms tend not to breach,” Patrice observes.
He reports that some sources believe the firings were more about hours billed than competence.
“But if first-years were really hit by these layoffs, that’s a good sign this is about hours. Because how can you fire a first-year for being incompetent? You wouldn’t have any first-years left!” he writes.
Read the Above the Law article.