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.
What Message Does Massive Latham Layoff Send?
March 2, 2009