By: Barbara Grzincic

Bloomberg News, citing Above The Law, reports that DLA Piper has fired 21 junior lawyers and 100 staff, citing “the worst economic period in generations.”

As we’ve reported in the last few months, the firm let 80 associates and 100 staffers go in February and reduced associate salaries in May. The firm mentioned those moves in a statement Wednesday confirming the latest firings, in which it concluded the light at the end of the tunnel was further than it had thought.

Bloomberg writes:

The firings were not performance-based, and those who lost their jobs will received [sic] severance benefits and outplacement counseling, the firm said in a statement today.

“It is increasingly clear that major improvements in the U.S. and global economy will not occur before 2010,” DLA Piper said in its statement. “While the firm’s financial position remains strong, a tightly-managed cost structure is essential to compete effectively during these uncertain times.”