Our sources are telling us that 25 – 50 attorneys will be let go from Blank Rome late this week or early next week. We don’t have a conference room schedule handy to pinpoint the date, but the firm is buzzing that Thursday, March 12th is the most likely day.
The firm has not responded to Above the Law’s multiple requests for comment.
This would be the second round of layoffs at Blank Rome. Back in January, the firm laid off a number of associates and staff. As we saw yesterday, a lot of firms that have already made cuts are going back for seconds.
This round of layoffs is expected to focus on associates. According to some tipsters, that is very different than the last round.
Details after the jump.
Ever since we published our story about associate layoffs at Blank Rome in January, people have been tipping us off to equity-partner “stealth” layoffs that took place at the same time.
As we now understand it, approximately 10-15 non-equity and equity partners were asked to move along back in January. Depending on their seniority, they were given between three and twelve months to find a new position. That’s a lot more time than the laid off associates were given.
Sources report that the equity partners that were forced out were older folks near retirement anyway.
In any event, the second round of layoffs is expected to focus exclusively on associates and staff.
That said, all is not terrible at Blank Rome. The firm recently opened a California office. So they’ve got that going for them.
We’ll keep you posted if Blank Rome reveals more layoffs.