Today's updates on law firms

Dechert LLP has reportedly laid off 72 administrative staff from offices across the country, slashing 12.6 % of the firm's 570-member support staff in the U.S. According to Law360, the firm did not specify whether the cuts were economic or performance-based. The firm also did not indicate which positions were cut or how many staff were let go from each of the firm's 11 domestic offices.

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The court appointed receiver in the Dreier case, Mark Pomerantz, a partner at Paul Weiss Rifkind Wharton & Garrison, has officially filed for bankruptcy late Tuesday in the U.S. Bankruptcy Court for the Southern District of New York on behalf of the New York-based law firm in the wake of founder and sole equity partner Marc S. Dreier's arrest on fraud charges.