Pillsbury laid off 55 lawyers and 100 staff Thursday, finalizing a move revealed by an indiscreet partner during a conversation on an Amtrak train last month. The cuts amount to a 12 percent reduction in nonpartner ranks. The firm is giving laid-off attorneys three months' severance, while packages for staff will be based on seniority. The firm also is offering a unique severance alternative: It'll fund one year of salary and benefits, on the nonprofit pay scale, for laid-off lawyers who go to work at legal nonprofits.
155 Lose Jobs at Pillsbury
March 6, 2009