The fifth largest Indianapolis law firm is laying off 10 attorneys, two paralegals, and 13 support staff because of the tumultuous economy.
Bose McKinney & Evans managing partner Ken Crook, who announced the layoffs today, told Indiana Lawyer that all the cuts were in the downtown Indianapolis office. The layoffs affected employees in the litigation, business, real estate, and intellectual property practice groups.
Crook said the recession continues to affect the firm’s clients and therefore certain practices within the firm. He added, “the silver lining, if there is one” is the realignment will help position the firm to continue to effectively serve its clients into the future.
Firm management was in the process today of meeting with their employees to discuss how the layoffs will impact the firm.
These cuts are on top of the 11 administrative and operational staff positions eliminated in January. Other firms have also reduced support staff in recent months, now totaling about four dozen since early December. However, this is the first public announcement in Indiana of any lawyer layoffs as a result of the downturn in the economy.
Many other firms nationally are making similar cuts because of the economy and these measures are painful but necessary, Crook said.
Bose McKinney & Evans had 137 attorneys as of Jan. 22, 2009, according to the Indianapolis Business Journal’s list of largest Indianapolis-area law firms. The firm’s Web site lists two offices each in Indianapolis and Northwest Indiana and one each in West Lafayette, Washington, D.C., and Raleigh, N.C.