Tax and finance boutique McKee Nelson announced Monday it was laying off 13 associates in New York and four in Washington, D.C., in response to the "unprecedented devastation" of the credit markets. The firm stressed the layoffs were not performance-based. Launched in 1999 as a law firm offshoot of accounting giant Ernst & Young, McKee Nelson last winter began offering buyouts to lawyers willing to quit the slowing structured finance practice, which was decimated by the subprime crisis.
McKee Nelson Lays Off 17 Associates
New York Law Journal
November 4, 2008