Law Firm Lays Off 10% Of All Timekeepers Due To ‘Decrease In Demand’

// Times may be good right now, but Biglaw and boutique firms alike are gearing up for a possible recession, leaving associates and staff members looking over their shoulders for the evil that may be lying in wait for them: layoffs. We first sounded the alarm on layoffs back in April, with continued coverage in the weeks that followed. Now, just two months later, our predictions have come to pass.

Redgrave — one of the largest information governance and eDiscovery boutique firms in the game — was due to merge with Am Law 100 firm Nelson Mullins in late 2020, but the tie-up was called off in early 2021 due to client conflicts. Now, Redgrave finds itself in an even worse state of affairs.

googletag.cmd.push( function() { // Enable lazy loading. googletag.pubads().enableLazyLoad({ renderMarginPercent: 150, mobileScaling: 2 }); // Display ad. googletag.display( "div-id-for-top-300x250" ); googletag.enableServices(); });

In a memo sent on June 9, managing partner Jonathan Redgrave notified all personnel that due to a “substantial decrease in demand” — demand that the firm does not see “returning to the same level in the near future — the firm would be “decreas[ing] [its] timekeeper staffing by around 10%.”

Sponsored Why IP Assets Can Be An Attractive Investment Opportunity Yieldstreet is offering access to a well-known industry player. Here's how you can target long-term appreciation in patent portfolios. From Yieldstreet

We certainly hope that this isn’t an indicator of what’s to come for the legal profession, but we haven’t even made it to the third quarter and we have a law firm laying off 10% of its workforce — and we’ve been told that attorneys were included in this unfortunate segment of the firm’s employees.

In the full memo (available on the next page), Redgrave goes on to assure remaining employees that those who have been laid off will receive severance packages and assistance to help them navigate “through this transition.”

googletag.cmd.push( function() { // Enable lazy loading. googletag.pubads().enableLazyLoad({ renderMarginPercent: 150, mobileScaling: 2 }); // Display ad. googletag.display( "div-id-for-middle-300x250" ); googletag.enableServices(); }); googletag.cmd.push( function() { // Enable lazy loading. googletag.pubads().enableLazyLoad({ renderMarginPercent: 150, mobileScaling: 2 }); // Display ad. googletag.display( "div-id-for-storycontent-440x100" ); googletag.enableServices(); }); googletag.cmd.push( function() { // Enable lazy loading. googletag.pubads().enableLazyLoad({ renderMarginPercent: 150, mobileScaling: 2 }); // Display ad. googletag.display( "div-id-for-in-story-youtube-1x1" ); googletag.enableServices(); });

Redgrave LLP did not immediately respond to requests for comment. We will provide an update if and when the firm provides us with a statement.

Best of luck to all those who are affected by the layoffs at Redgrave.

Sponsored Sponsored Upcoming CLE Deadline? Make PLI.edu Your One Stop For All Things Compliance PLI makes compliance easy so you can get back to your practice. Log in to seamlessly track your progress and stream the CLE credits you… From PLI Sponsored Know The Laws And Risks To Fortify Security With Seton Hall Law's Data Privacy And Security Compliance Certificate Program Gibbons Institute of Law, Science & Technology, and Institute for Privacy Protection – Seton Hall From Seton Hall University School of Law Sponsored Why IP Assets Can Be An Attractive Investment Opportunity Yieldstreet is offering access to a well-known industry player. Here's how you can target long-term appreciation in patent portfolios. From Yieldstreet Sponsored How to Increase Document Productivity and Efficiency throughout your Legal Drafting Workflow Join us on June 30th to uncover how Law firms and corporate legal departments alike can manage their document workflows effectively and efficiently From Litera and Above The Law

If your firm or organization is reducing the ranks of its lawyers or staff, whether through open layoffs, stealth layoffs, or voluntary buyouts, please don’t hesitate to let us know. Our vast network of tipsters is part of what makes Above the Law thrive. You can email us or text us (646-820-8477).

If you’d like to sign up for ATL’s Layoff Alerts, please scroll down and enter your email address in the box below this post. If you previously signed up for the layoff alerts, you don’t need to do anything. You’ll receive an email notification within minutes of each layoff announcement that we publish.

googletag.cmd.push( function() { // Enable lazy loading. googletag.pubads().enableLazyLoad({ renderMarginPercent: 150, mobileScaling: 2 }); // Display ad. googletag.display( "div-id-for-bottom-300x250" ); googletag.enableServices(); });

Staci Zaretsky is a senior editor at Above the Law, where she’s worked since 2011. She’d love to hear from you, so please feel free to email her with any tips, questions, comments, or critiques. You can follow her on Twitter or connect with her on LinkedIn.

Sponsored Sponsored How to Increase Document Productivity and Efficiency throughout your Legal Drafting Workflow Join us on June 30th to uncover how Law firms and corporate legal departments alike can manage their document workflows effectively and efficiently From Litera and Above The Law Sponsored A Summer Associate’s Guide To Thriving In The Biglaw Spotlight Congrats On Being A Summer Associate! Now Don’t F**k It Up. From Kinney Recruiting 1 2Next » Enter your email address to sign up for ATL's Layoff Alerts. hbspt.forms.create({ css: '', portalId: '470182', formId: 'a36cdf6b-a5b0-4a87-9125-aaf8c7d90fd6' }); #hs-form-a36cdf6b-a5b0-4a87-9125-aaf8c7d90fd6 { border: 1px solid #e2e2e2; border-width: 1px 0; margin: 15px auto; padding: 15px 0; } #hs-form-a36cdf6b-a5b0-4a87-9125-aaf8c7d90fd6 > h2 { font-size: 22px; line-height: 1.25em; } #hs-form-a36cdf6b-a5b0-4a87-9125-aaf8c7d90fd6 > p { color: #666; font-family: sans-serif; font-size: 13px; margin: 0.625rem 0 1.25rem; } #hs-form-a36cdf6b-a5b0-4a87-9125-aaf8c7d90fd6 .hbspt-form { background: none; padding: 0; } #hs-form-a36cdf6b-a5b0-4a87-9125-aaf8c7d90fd6 .hbspt-form div { display: inline-block; margin: 0; padding: 0; } #hs-form-a36cdf6b-a5b0-4a87-9125-aaf8c7d90fd6 input[type=submit].primary { background-color: #222; background-image: none; cursor: pointer; padding: 8px 20px; font-size: 16px; line-height: 24px; vertical-align: middle; } #email-a36cdf6b-a5b0-4a87-9125-aaf8c7d90fd6 { border-radius: 0; font-size: 22px; margin-right: 8px; padding: 5px; vertical-align: middle; width: 300px; border: 1px solid #999999; background: white; box-shadow: inset 0 1px 1px rgba(0, 0, 0, 0.15); height: auto; outline: none; font-family: "Proxima Nova", "proxima-nova", Helvetica, Arial, sans-serif; color: #666666; -moz-border-radius: 0; -o-border-radius: 0; -webkit-border-radius: 0; } Topics

Boutique Law Firms, Layoffs, Redgrave LLP