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
The premier educational and networking event for employee benefits brokers and agents.
The Legal Intelligencer honors lawyers leaving a mark on the legal community in Pennsylvania and Delaware.
Consulting Magazine recognizes leaders in technology across three categories Leadership, Client Service and Innovation.
Atlanta s John Marshall Law School is seeking to hire one or more full-time, visiting Legal WritingInstructors to teach Legal Research, Anal...
Shipman is seeking an associate to join our Labor & Employment practice in our Hartford, New Haven, or Stamford office. Candidates shou...
Evergreen Trading is a media investment firm headquartered in NYC. We help brands achieve their goals by leveraging their unwanted assets to...
MELICK & PORTER, LLP PROMOTES CONNECTICUT PARTNERS HOLLY ROGERS, STEVEN BANKS, and ALEXANDER AHRENS
