Layoffs
Proskauer Rose Says 35 Associate Layoffs Due in Part to Low Attrition Rate
Posted Dec 5, 2008 6:28 AM CST
By Debra Cassens Weiss
Many law firms are attributing lawyer layoffs to the economic downturn. The latest law firm to announce layoffs is citing an additional reason: Fewer associates are voluntarily leaving the law firm.
In a statement issued yesterday, Proskauer Rose said it is laying off 35 associates and 25 administrative staffers, the American Lawyer reports.
“We are taking these actions in response to the worldwide economic crisis, as well as an unprecedented reduction in our historical lawyer attrition rate, which requires that we align our staffing with current and projected levels of activity on behalf of our clients,” the statement said.
Those laid off will still be eligible for 2008 bonuses, and will receive severance pay, health care benefits and outplacement counseling.
Above the Law was the first to report the layoff news.
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Comments
Barrister2010
Dec 5, 2008 6:40 AM CST
low attrition rate? riiight.
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Joe
Dec 5, 2008 7:36 AM CST
I would be jumping ship if I was a partner at this firm. Get out while you can.
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B. McLeod
Dec 5, 2008 8:16 AM CST
Clearly SOC8s are the root of the firms’ economic problems. First they were swelling. Now they’re not attriting. They just keep coming to the office, even when the firm puts a dumpster in their parking space, and sells all their office furniture. Apparently, they just can’t take a hint. Next, pointy-haired partners will have to lean out the windows and yell down at the lower floors, “Attrit, damn you! Attrit!”
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Bird Smack
Dec 5, 2008 10:04 AM CST
Comment removed by moderator.
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B. McLeod
Dec 5, 2008 1:13 PM CST
The moderators on this site are really very reasonable. It is useful to note that, linked to the small, blue letters that spell “comment policy,” there are some little ruley-thingies. If posters can but follow those, the moderators do not then need to remove the comments!
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eliot bernstein
Dec 7, 2008 6:08 AM CST
http://www.abajournal.com/news/proskauer_rose_says_35_associate_layoffs_due_in_part_to_low_attrition_rate/
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