According to an
article (subscription required) in today's legal Intelligencer, Dechert has decided to "part ways" (their words, not mine) with four corporate associates resident in the Philadelphia office. Dechert refers to this as "culling," while the associates view it as a layoff. The same article notes that Dechert recently had it's highest annual ppp in its history, reaching ~$880,000 per equity partner.
