OverFlow Legal

http://www.law.com ― Cooley just finished up a relatively strong year, with 14 percent growth in revenue, although profits per partner were down 7 percent to $1.32 million. Conroy said the cuts came in planning for the upcoming year.

"We decided that in certain practice areas we were going to have more associates than we could keep busy," he said.

Conroy said the firm didn’t proceed with its normal performance reviews, which often result in moving out underperforming associates. He said the layoffs, in part, were done "in lieu of doing that."