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Posted Apr 18, 2017 11:55 am CDT
Dentons has reportedly cut as many as 20 or more U.S. partners since January.
The cuts were made after the law firm failed to meet its 2016 budget, unnamed sources told Law.com (sub. req.). The news follows reports last month that Dentons cut about 60 staff jobs to streamline its operations.
Sources told Law.com that the law firm also missed budget projections last year. The lawyers attributed the shortfall to poor revenue collection and high operational expenses in the United States, including salary and bonuses paid to global management.
The ousted partners were reportedly told they were being cut during meetings to discuss compensation, according to the story. Some of the partners who left the firm were from McKenna, Long & Aldridge, which merged with Dentons in 2015.
A law firm spokesperson gave this statement to the ABA Journal: “We do not comment on the specifics of our partner review process, though, as is the case with virtually every law firm, there is a regular review where the current and future needs of our clients are considered. We continue to grow, and in Q1 added more than two dozen lawyers in the U.S. to expand our client service capabilities. In addition, our U.S. revenue and profits per partner have increased each year.”
Dentons has 22 U.S. locations and more than 1,100 lawyers and professionals across the United States.
Updated at 12:35 p.m. to include statement by Dentons.
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