It's been a brutal day in the legal world. More than a dozen firms announced sweeping layoffs today, according to Above the Law. To wit: As many as 200 people at DLA Piper may be out of jobs; Bryan Cave reportedly handed out pink slips to 58 attorneys today; Dechert confirmed that it dropped 19 attorneys across the U.S.; Goodwin Procter sacked 74 people; Epstein Becker and Green dismissed 23 attorneys and 30 staff members; Cadwalader dropped 16 people in London; Cozen O'Connor laid off 61; Faegre & Benson gave notice to 29 attorneys; and as many as 200-300 people could be out of a job at Holland & Knight this afternoon. And this is just since eleven o'clock this morning. (Tomorrow is Friday the 13th, so it may very well get worse.) If you notice lots of men in rumpled suits walking around Grand Central Station in a daze, now you know why.

• Bristol-Myers Squibb is offering $4.5 billion for ImClone Systems, the drug maker controlled by Carl Icahn. [Dealbook]