Kilpatrick Stockton has laid off 24 lawyers. The firm blames the economic meltdown.
Those laid off have been offered a “competitive and generous” severance package.
That’s all we know — if you have any additional details, please send us a confidential tip!
Last week the firm deferred its incoming associate class from September 2009 to April 2010.
Kilpatrick Stockton employs more than 500 attorneys in ten offices globally: Atlanta and Augusta, Georgia; Charlotte, Raleigh and Winston-Salem, North Carolina; New York, New York; Washington, DC; Dubai, UAE; London, UK; and Stockholm, Sweden.
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Posted by Erik Even
on April 29, 2009. Filed under Home,Law Firm News,Layoffs.
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Attorney Career Resources is sponsored by BCG Attorney Search, the nation's leading placement firm, specializing in law firm placements.
Law firms of all sizes are being much more selective about who makes equity partner. Gone are the days where doing good work and putting in your time is enough to get you to a profit sharing level. Today, equity partners almost always have to prove that they can contribute their share to the firm. So what does this mean for associates and how can a two-tiered partnership track be beneficial? With a two-tiered partnership structure, associates get more time to prove themselves and also more time to determine whether partnership is the right goal for them. Two-tier partnerships (non-equity and equity) exist so the firm can train and develop associates into equity partners. The non-equity track to partner at most firms is on average, 6 years long. [...]
May 16, 2013 Read More
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