Latham Watkins Layoffs!

Massive layoffs hit troubled law firm Latham Watkins today. Latham Watkins layoffs struck law firm offices in Los Angeles and New York reportedly the worse.

Several reports including the WSJ put the layoff numbers at 440 employees with 190 associates and 250 staff being nationally. That would reportedly mark the nation’s biggest law firm layoff for 2009.

Latham’s Bob Dell has issued the following statement:

The depth and duration of this recession is unprecedented and we expect the health of the global economy to remain weak at least through 2009. While our diversified practices and global platform provide the stability and strength to navigate these turbulent market conditions, we must adjust our staffing levels in line with the projected needs of our clients. . . . We will be offering a comprehensive separation package, including payment of six months salary and six months of continued medical benefits, as well as other resources to support this transition. . . . ”

Sad.


Source: news.lalate.com