Quote:
Originally Posted by Jack Manfred
While playing cards in Las Vegas this weekend, another player at the table related that he had a bunch of Latham lawyers on his deal until they were laid off. He said that L&W laid off 950 lawyers firm-wide. That can't be right, can it?
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According to
ATL, as of February 27, 2009, Latham had laid off 190 associates and 250 staff (a total of 440). The managing partner said the cuts represented 12% of U.S. associates in the firm.
ETA: The linked article says the 190 figure is on top of any "stealth layoffs" the firm "may have" conducted in the past year. Since I stopped caring about the fate of any Biglaw associates, I leave it to you to decide what that means about the veracity of the 950 figure (which boggles, if 190 is 12% of the total, because that would, if true, mean Latham secretly laid off 32% of its associates before openly laying off 12% of whoever was left).
