With a six-month severance package capped at $100,000, Latham & Watkins signaled Friday it means to continue to lead the pack, even when delivering bad news. The offer to 190 associates and 250 staffers is generous by industry standards and could help Latham recruit talent when the economy improves. But some worry that the size of the layoff could hamper Latham's workforce for years. "It's a very dismal statement of their view of the economy and the likelihood of a turnaround in the short term," says one recruiter.
March 02, 2009 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
With a six-month severance package capped at $100,000, Latham & Watkins told the legal industry Friday it intends to continue to lead the pack, even when delivering bad news.
The package, offered to 190 associates as well as 250 staffers, is twice the average of other firms, which have typically provided lawyers three months of severance. Industry observers said that, until Friday, the standard had been two to four months, with some firms providing no severance but three months’ notice.
Presented by BigVoodoo
Celebrating achievement, excellence, and innovation in the legal profession in the UK.
Join the industry's top owners, investors, developers, brokers and financiers for the real estate healthcare event of the year!
This event shines a spotlight on how individuals and firms are changing the investment advisory industry where it matters most.
Ryan & Conlon, LLP, is a boutique firm specializing in insurance defense. We are a small eclectic practice with a busy and fast paced en...
INTELLECTUAL PROPERTY PROSECUTION PARALEGAL - NEW JERSEY OR NEW YORK OFFICESProminent mid-Atlantic law firm with multiple regional office lo...
