I really thought we were going to make it through the whole day without any fresh layoff stories. I really did. We were so close.
Sadly, there is an internal memo going around at Proskauer Rose right now. The damage, 23 attorneys. We haven’t gotten our hands on the memo yet, but we understand that the memo makes no mention of any staff cuts.
You’ll remember that back in December, Proskauer laid off 35 associates and 25 staffers. The firm also laid off first years at that time, but that wasn’t in the announcement. Of course, that was back in December when laying off first years looked particularly bad.
No word on whether this round of cuts is also affecting first years.
This second round of cuts shouldn’t be all that surprising. Proskauer profits per partner were down ten percent last year. And we know partnerships don’t like that.
We’ll update you with the full internal memo when we get it.
So close. Maybe tomorrow can be an official “no layoff day?”
Earlier: Nationwide Layoff Watch: Proskauer Cuts 60 People
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