Latham & Watkins and Allen & Overy (A&O) have reportedly made the most hires and firings over the span of the last two years. Since Janary 2008. Latham & Watkins has made 48 lateral hires and A&O made 46. Latham announced last February that the firm was going to make 190 associates redundant. By the end of April 2009, A&O had let 400 staff go.

Source:  www.thelawyer.com