21 second-year associates from Goodwin Procter’s Business Law practice group have been laid off. Most of the layoffs came out of their Boston Office.
The firm sent out a memo to employees stating that actions they had taken in response to the “slow economic recovery” were not enough and they claimed that the firm was at “overcapacity” in regards to their current workload.
The firm had already cut incoming classes and, according to the memo, they hoped that the market would pick up as this class transitioned from first years to second years.
According to reports, men and women were crying in the halls in response to the news.
It looks like there are 21 young lawyers in need of a good Legal Authority.
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[...] Procter laid off 21 of its second year [...]
[...] is that the firm is not taking it out on its associates, at least the ones that haven’t been laid off. The firm is paying bonuses and although associate salaries have not been restored to where [...]
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