When the ATL inbox is on fire, there is a lot of smoke somewhere out there in legal community.
Tipsters report that Cooley Godward has decided to make significant layoffs today. Tipsters that work at the firm place the numbers as high as 10 percent of associates and staff. That could put the overall number of layoffs into the fifties. The laid off employees will have to be out by the end of the week. They’re being given a 3 month severance package.
Cooley Godward spokespeople could not be reached for immediate comment.
But other tipsters report that attorneys were told that the layoffs were based on the economy, not anybody’s individual performance. The layoffs are also understood to affect all offices and some departments (like IP transactional) that one wouldn’t necessarily expect.
We will update you as more information comes to light.
The now confirms that there were layoffs today, more than we reported here. The firm says that 52 attorneys and 62 staff were let go. Check here for continuing coverage.