We now have some reliable intelligence about yesterday’s Vague and Unsubstantiated Rumor About Paul Hastings.
Here’s the original rumor:
“Apparently today an entire department at Paul Hastings LA (attorneys, assistants, etc.) got escorted out of the office by security. No concrete details have surfaced yet.”
As it turns out, reality is considerably less exciting than, say, the sacking of a half-dozen U.S. Attorneys. Here’s what actually happened:
“Sources confirm that a group of secretaries was terminated. No attorneys were laid off, and it wasn’t department-wide.”
More detail from a tipster at the firm:
PH went to 4:1 ratio of attorneys to assistants nation-wide; it used to be 3:1. Headcount was eliminated mostly in LA and DC offices. No attorneys were eliminated. Pretty funny rumor though…
The partnership has not explained why they made the switch. Maybe it’s to reduce salary to pay for our bonuses next month? LOL.
The funniest/sickest part was that the announcement came at approximately the same time the memo regarding firm revenue (up 21%) and PPP (up 22%) was distributed.
Crappy timing indeed. And one assistant for four lawyers strikes us as suboptimal, too — at least for private practice.
(When we were at a firm, we shared an assistant with one other lawyer. It wasn’t until we entered government work that we shared an assistant with four other attorneys.)
Earlier: Breaking: Vague and Unsubstantiated Rumor About Paul Hastings!