CHICAGO -- Dain Bosworth Inc. late last week pared the staff at its recently acquired Clayton Brown & Associates firm in Chicago, laying off 25 to 30 employees including three public finance professionals.

Most of the layoffs occurred in the back-office operations of Clayton Brown, which was purchased by Minneapolis-based Dain Bosworth in October, and had been announced previously as a consolidating move, according to Jennifer Driscoll, a Dain Bosworth spokeswoman.

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