Make us your home page
Instagram

Holland & Knight eliminates 243 jobs

TAMPA — One of Florida's major law firms and a large local employer, Holland & Knight, announced layoffs Thursday for attorneys and support staffers companywide.

The firm, with 21 offices in 11 states and six countries, confirmed that 70 of approximately 1,150 lawyers and 173 support staffers had their positions eliminated.

The cuts were announced to the firm's employees Thursday in an e-mail.

It was unclear how many of those lawyers and employees were in the Tampa office.

In a prepared statement, the firm called the measure a restructuring that included reassigning lawyers to places with increasing demand, terminating 243 employees and streamlining operations.

"At the end of the day, 2008 was a good year for us," said Karen McBride, a spokeswoman for the firm.

"But as we looked at the uncertainties with the economic downturn, our measures were prudent and called for, and respond to client demand over the long term."

The Internet site AM Law 100, in an annual roundup of financial statistics on large law practices, said of Holland & Knight, "revenue dropped 1 percent to $606 million last year on top of a dip of 0.2 of a percent in 2007.

Profit per equity partner dropped 3 percent to $678,337. The revenue decline was the worst among Florida's five largest law firms last year."

McBride said the firm's competitors nationally have taken similar measures recently as everyone prepares for more economic challenges in 2009.

According to the firm's statement, Holland & Knight made this decision because of a shift in business, with some areas shrinking and others increasing.

Laid off employees are being offered separation packages, including severance pay, health care continuation and outplacement and counseling services during their transition period, according to McBride.

Times researchers Caryn Baird and John Martin and staff writer Colleen Jenkins contributed to this report.

Holland & Knight eliminates 243 jobs 02/12/09 [Last modified: Monday, February 16, 2009 11:03am]
Photo reprints | Article reprints

© 2017 Tampa Bay Times

    

Join the discussion: Click to view comments, add yours

Loading...
  1. Federal agencies demand records from SeaWorld theme park

    Tourism

    ORLANDO — Two federal agencies are reportedly demanding financial records from SeaWorld.

    Killer whales Ikaika and Corky participate in behaviors commonly done in the wild during SeaWorld's Killer Whale educational presentation in this photo from Jan. 9. SeaWorld has been subpoenaed by two federal agencies for comments that executives and the company made in August 2014 about the impact from the "Blackfish" documentary. 
[Nelvin C. Cepeda/San Diego Union-Tribune/TNS]
  2. Legalized medical marijuana signed into law by Rick Scott

    State Roundup

    TALLAHASSEE — Gov. Rick Scott on Friday signed into law a broader medical marijuana system for the state, following through on a promise he made earlier this month.

    Gov. Rick Scott signed legislation on Friday that legalizes medical marijuana in Florida.
  3. Line of moms welcome Once Upon A Child to Carrollwood

    Business

    CARROLLWOOD — Strollers of all shapes and sizes are lined up in front of the store, and inside, there are racks of children's clothing in every color of the rainbow.

    At Once Upon A Child, you often as many baby strollers outside as you find baby furniture and accessories. It recently opened this location in Carrollwood. Photo by Danielle Hauser
  4. Pastries N Chaat brings North India cuisine to North Tampa

    Business

    TAMPA — Pastries N Chaat, a new restaurant offering Indian street food, opened this week near the University of South Florida.

    The menu at Pastries N Chaat includes a large variety of Biriyani, an entree owners say is beloved by millions. Photo courtesy of Pastries N Chaat.
  5. 'Garbage juice' seen as threat to drinking water in Florida Panhandle county

    Water

    To Waste Management, the nation's largest handler of garbage, the liquid that winds up at the bottom of a landfill is called "leachate," and it can safely be disposed of in a well that's 4,200 feet deep.

    Three samples that were displayed by Jackson County NAACP President Ronstance Pittman at a public meeting on Waste Management's deep well injection proposal. The sample on the left is full of leachate from the Jackson County landfill, the stuff that would be injected into the well. The sample on the right shows leachate after it's been treated at a wastewater treatment plant. The one in the middle is tap water.