Linklaters LLP

Linklaters LLP, the second-largest London law firm by revenue, is reportedly preparing to slash its associate work force and let go as many as 70 partners, as the Magic Circle firm tries to restructure operations amid the global financial crisis. Sarah Peters, a firm spokeswoman said "the worsening economic crisis and its effects on key clients means that reductions are necessary"

On Friday, Legal Week reported that Linklaters will reconstitute the staff by first saying goodbye to an estimated 35 partners worldwide, with other reports claiming that the number could be much higher. The Lawyer magazine reported on January 23, 2009 that Linklaters will cut as many as 70 partners and 10 percent of its salaried lawyers, citing people familiar with the plan.