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Latham Cuts Deep

As Above the Law predicted earlier this week, Latham & Watkins has made major cuts.  The firm laid off 190 associates (approximately 12% of the associate ranks) and 250 paralegals and staff (10%).  No partners are affected – presumably other than in comp, which was down 21% in 2008.

To date, only Allen & Overy has had a larger layoff (447 on February 19).  More analysis will follow later today in our regular “This Week in Layoffs” feature and over the weekend will come “The Month in Layoffs – February.”

Related posts:

  1. The Month in Layoffs – Feb 09
  2. Big Cuts at A&O
  3. Death By A Thousand (OK, 5) Cuts
  4. The Law Shucks Mid-Year Layoff Review
  5. This Week in Layoffs – 2/27/09

Posted in Business of Law.

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