Fenwick & West, a Silicon Valley law firm, is laying off nearly 10% of its staff due to the impact of stalled transactional markets. The firm made the layoffs after assessing current and anticipated future demand. Other tech-focused law firms like Cooley and Goodwin Procter have also reduced jobs due to the decline in transactional markets. The layoffs should not cause associates to worry that their firm may be next. The affected employees of Fenwick will receive a minimum of 13 weeks base pay and health benefits.
Source: Bloomberg Law
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