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Mystery Meeting at Troutman Sanders

Troutman Sanders logo.jpgHistory repeats itself. Back in March, we wrote in advance about a mystery meeting at Troutman Sanders. At that meeting, the firm announced a voluntary departure program for staff, as well as looming layoffs for lawyers. The firm never provided numbers on those attorney layoffs, but it appears that approximately 28 lawyers were affected.
Troutman tipsters tell us that another mystery meeting / videoconference is scheduled for later this morning (around 11:30 – 11:45 a.m. Eastern time). What will be discussed is not known, but some suggest that additional layoffs and / or salary cuts will be announced. Troutman’s summer program ended last week, so if there is bad news to convey, now would be a logical time. (Expect more firms to roll out such announcements after their summer associates leave the building.)
We’ll keep you posted on the Troutman situation. Have a tip for us about a mystery meeting at your firm? Please email us. Thanks.

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