Friday, February 27, 2009

Latham & Watkins Lays Off 190 Associates, 250 Staffers | ABA Journal - Law News Now

Setting new records for layoffs, rumor has it that Latham & Watkins has let go of 190 associates and 250 staff members. However, they are offering an unheard-of severance package that includes six months' salary and medical coverage, capped at $100,000. The cuts are 12 percent of the firm's associates and 10 percent of paralegal and other staff. New York and Los Angeles offices were hit the hardest.

(Source: ABA Journal - Law News Now)

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