Layoffs

Laid-Off Cadwalader Lawyers Got Little Notice, But Months of Severance Pay

The 35 lawyers who learned Jan. 10 that they would be laid off from Cadwalader, Wickersham & Taft got little more than a week’s notice. One laid-off associate, who said he was getting three months of severance pay, was worried about his job search, the New York Observer reports in…

Jan 23, 2008 4:50 PM CST

More Law Firms May Be Considering Layoffs

The Daily Brief blog of Portfolio.com wonders if more law firm layoffs are in the offing after the announcement yesterday that Cadwalader, Wickersham & Taft is laying off 35 associates. The associates work in Cadwalader’s capital markets and global finance departments, hard-hit by volatility in the financial markets. Gregory Markel…

Jan 11, 2008 11:32 AM CST

Cadwalader Lays Off 35 Lawyers

Updated: Cadwalader, Wickersham & Taft has announced it is laying off 35 lawyers because of volatility in the financial markets affecting its clients. Both Above the Law and the Wall Street Journal Law Blog carried the announcement. “Unexpected and persistent volatility continues to disrupt sectors of the financial markets; and…

Jan 10, 2008 3:42 PM CST

Thacher Proffitt Warns of Associate Layoffs

Thacher Proffitt & Wood has warned associates of upcoming layoffs unless its structured finance practice shows substantial improvement. The law firm notified 24 associates who are second years or above that they will be laid off in January unless circumstances change, according to a statement issued by the firm to…

Nov 28, 2007 12:02 PM CST

Clifford Chance: Laid-Off 6 Akin to Contract Attorneys

Once upon a time, even major law firms routinely hired associates with the expectation that they could become partners. While no fairy tale, that expectation is now something of a relic of legal history, as yet another account of modern-day practice makes clear. In the wake of recent news that…

Nov 12, 2007 10:04 PM CST

Law Firms: Layoffs a Possibility

Although the legal market is still strong and many major firms reportedly are competing hard for desired associates, some see a potential storm cloud on the horizon. The stock market gyrations following the subprime mortgage meltdown are creating a credit crunch that makes it more difficult to finance corporate transactions.…

Aug 27, 2007 11:32 PM CDT

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Laid-Off Cadwalader Lawyers Got Little Notice, But Months of Severance Pay

More Law Firms May Be Considering Layoffs

Cadwalader Lays Off 35 Lawyers

Thacher Proffitt Warns of Associate Layoffs

Clifford Chance: Laid-Off 6 Akin to Contract Attorneys

Law Firms: Layoffs a Possibility

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