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Update: King & Spalding Lays Off 122
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Earlier today we reported rumors that up to 80 people might get laid off today at King & Spalding.

We now learn that by the end of the business day, the body count was 37 lawyers and 85 staff.

A severance package is being offered to the laid off workers.

  
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King & Spalding has 13 offices, including in Dubai and Frankfurt.

King & Spalding was founded in Atlanta in 1885. Its clients include Georgia blue chip companies, from Coca-Cola and Home Depot to SunTrust, as well as General Motors and Ernst & Young.

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