From the memo:
Earlier today, we met with 20 associates and counsel to notify them that their positions are being eliminated. The reductions are spread throughout our offices and practice areas… Each person has been offered a severance package that includes outplacement services…
…we have moved the start date for our incoming associates to January 5, 2010. We will be providing each member of our incoming class a weekly stipend from September 15 through December 31, 2009 and are encouraging each of them to participate in available public interest opportunities.
The amount of the deferral stipend has not been announced.
Headquartered in Hartford, Connecticut and Florham Park, New Jersey, Day Pitney employs 382 attorneys spread across nine offices in four states and the District of Columbia. In 2007, Day Pitney ranked 113th on the National Law Journal’s list of the 250 largest American law firms.