Holland & Knight – Above the Law – A Legal Tabloid

In 1 on January 20, 2009 at 5:58 pm

Nationwide Layoff Watch: More South Florida Suffering
By David Lat
In another sign of the hard times facing the legal industry,
particularly in real-estate heavy South Florida, two local law firms
— Holland & Knight and Shutts & Bowen — have laid off non-lawyer
On a day that could be dubbed Black Friday in South Florida legal
circles, Tampa-based Holland & Knight, one of Florida’s largest and
most venerable firms with 1,150 lawyers, laid off 70 staffers Friday,
including legal secretaries, IT and accounting staff. No lawyers were
laid off.
The layoffs of about four employees in each of Holland’s 17 offices
represented 5% of Holland’s non-lawyer workforce.
Holland & Knight spokeswoman Susan Bass told the Daily Business Review
that the firm “had some redundancies and inefficiencies.” Seventy
staffers is a whole lot of redundancies.
This isn’t the first time for Holland & Knight:
In 2002, the firm laid off 60 lawyers and more than 100 staff members,
or 5% of its attorneys and 10% of its staff. The layoffs came in the
wake of publication of an internal memo sent from a partner to the
firm’s then-managing partner criticizing the rapid expansion, saying
it was done at the expense of profitability. There was no sign of a
financial downturn brewing at a lavish cocktail party held by Holland
& Knight for its clients and reporters two weeks ago at Mar-a-Lago,
Donald Trump’s Palm Beach mansion.

Posted via email from HKLaw Investigation


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