This layoff news is breaking right now, so we don’t have all of the details. But we understand that “heads are rolling” today at Chadbourne & Parke.
The firm did not respond to an immediate request for comment, but there are multiple reports of the layoff reaper making the rounds at the firm right now.
Layoffs are being done face-to-face and no firm wide announcement has gone out.
However, the firm is firing first years, so we don’t imagine that this is a “performance review.” In fact, one tipster puts it like this:
They were very nice. It is purely economical.
We understand that Chadbourne is giving a three month severance package.
You’ll remember that in October, Chadbourne announced a hiring freeze. That seems like an obvious move now, and not surprisingly it looks like that wasn’t enough of a cutback to ride out the economic storm.
But at the time Chadbourne said that the hiring freeze wouldn’t affect the 2009 summer program. We’ll see if that holds up in the face of layoffs.
Update (4:39): Chadbourne has now confirmed these layoffs. Check here for our continuing coverage.