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Year-End Associate Dumping
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Maybe Big Law firms really wanted their associates to enjoy Thanksgiving, but not Christmas! Why would we say that? Because since we have returned from Thanksgiving, there has been a rash of layoffs.

Proskauer Rose

Earlier today, we received a phone call from an associate at Proskauer Rose to report that associates were being laid off at that moment. Ugh! Proskauer laid off a reported 35 associates, across a number of practices. Proskauer also gave pink slips to some of their support staff. No word on the severance offered to either group.

  
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We’ve received unconfirmed reports that Dewey LeBoeuf has also let some associates go from their structured finance practice. (Honestly, any associate still in a structured finance practice should absolutely expect the hatchet soon. It’s a miracle that you still have a Big law position!)

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Reed Smith shared their headcount reduction with the world yesterday. Reed Smith told both associates and support staff that their services were no longer necessary.

Hey, I guess there is no need to attend the holiday party any longer! But Merry Christmas from the firm just the same.





 

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