Nationwide Layoff Watch: Curtis Mallet Cuts Corporate Associates
Despite last week’s welcome reprieve from Biglaw layoffs, it looks like some firms didn’t get the memo. Above the Law has learned that Curtis Mallet conducted layoffs early this week. We believe that 10% - 15% of its corporate associates have been let go. Multiple class years were affected, but it appears that first years were spared.
Curtis Mallet would not respond to our multiple requests for comment
Perhaps the firm is embarrassed to be laying off associates on the heels of last year’s strong profit numbers. In February, Am Law Daily reported:
Bucking the trend among New York law firms, Curtis, Mallet-Prevost, Colt & Mosle reports a 13.5 percent surge in revenue to $125 million. Curtis Mallet has chosen the worst business year in memory to cross the million-dollar profits per equity partner mark, with PPP up 11 percent to $1 million. Revenue per lawyer for the firm’s 225 lawyers, scattered among 14 offices worldwide, nudged up 3.5 percent to $570,000….Firm chairman George Kahale, who was profiled in The American Lawyer last year, says that Curtis Mallet has the right mix of groups for the current economic climate.
So you see, laid off associates should be proud that they helped the partners make a million dollars before being shown the door.
After the jump, we learn that the work of soon-to-be-former Curtis Mallet associates is not quite done.
Continuing with the stealthy theme of these layoffs, displaced Curtis Mallet associates will still be coming into the office for the next ten weeks. But there’s a catch:
The real kicker to all this…most of us who got laid off are still getting new assignments.
Well how is PPP supposed to stay at $1 million this year unless associates are still working hard for the firm right up until the point they are put out on the street?
Good luck, former Curtis associates. Hopefully you’re getting laid off near the end of the downturn and will quickly be able to get back on your feet.
The AM LAW 100: Curtis Mallet-Prevost Sees Revenue Surge [Am Law Daily]
Earlier: Curtis Mallet Defines ‘Business Casual’ for its New York Associates
(52) Comments
Comments
first?
These pretzels are making me firsty.
We got no food, no jobs... our PET'S HEADS ARE FALLING OFF!"
we're near the end of people thinking we're near the end of the downturn
I know Curtis Mallet-Prevost from law school. That guy could really play some basketball.
Digging the Lloyd Christmas bit, but be careful not to over-expose too quickly....
Isn't their logo some sort of nod to a satanic cult? I mean, that whole crescent moon thing is creepy.
And am I the only one that wants to call them Curtis' Mullet?
Emeritus Brothers:
I have not posted at ATL before. I choose to do so now in order to thank you for your posts. Please disregard those who lambaste you; a "silent majority" is behind you.
Latham
Does anyone know if Latham conducted layoffs this year? If so, did they layoff any first-years? If so, in what offices? This needs to be brought to light.
CurTTTis MalleTTT
GO BYE BYE
From what I can tell PE has stopped tweeting and appears to have deleted his Twitter account. This is a sad day.
ugh
3 has potential
whose got the name of the good reflexologist in the valley? no way am i going back to north hollywood to see billy friedkin's guy.
yours,
nick nolte
PH will continue to stealth by drips and drabs. The last thing they want is another ATL story.
13: He and his half-brother, Stan, still post on ATL.
-8
Please post more descriptive numbers.
Searching "corporate" and "associate" on the CM website yielded 65 results (including all international offices).
So, 6-10 associates total.
Good luck to those folks.
17 - Even the favorable ATL stories wind up back-firing on PH. I'm hearing that some PHNY staffers will be let go tomorrow.
I think the title should have been 'Curtis Mallet Drops the Hammer'.
17 - Tell them to get a shot of penicillin, that should take care fo the dribs and drabs.
8: Yes, I am ecstatically aware of their valuable contributions (worthwhile except when PE falls into a senile haze and begins ranting about "Obamacare"). But PE's tweets were golden! I think he benefits from the enforced brevity of such a medium.
Not true. I saw PE tweeting a stripper at Rick's Cabaret.
Maybe they didn't reply because you're a dumbass fat fuck, Mystal. Why should a law firm respond to you?
I once interviewed a corporate associate from Curtis Mallet who was applying at my litigation-only shop. I asked why he was interested in a mid-career switch to litigation. He responded: because when I was younger I used to fight with my brothers a lot and I would always win.
25 - Aren't you just a lovely ray of sunshine. Clearly Mystal has caused you some level of harm to warrant your naked hostility. That or you're just a basic ass living like a keyboard commando.
After they work an additional ten weeks, will the laid-off associates then get their severence?
I know Elie LOVES reporting layoffs/deferral news, but let's try showing some restraint and TRY being impartial once in a while.
How bought reporting on a law firm that is doing well enough ITE that it's pushing UP its start date for first years.
The new associates at Brown Rudnick are starting in September instead of November.
http://blogs.wsj.com/law/2009/08/20/the-good-news-we-have-work-the-bad-we-need-you-to-do-it/
In case Elie is too lazy to create a post or is afraid of the typos he will inevitably make, WSJ has already done the work (as it has in most cases). One of these days, the interns at ATL need to show Elie how the Ctrl+C function works.
The ship be sinking...
You know the drill.
I'm Barack Obama?
31: Your bs is getting old.
32 - You're right, I'm really over Obummer.
31 - By your logic, you might as well blame Obama for global warming.
"I might have to rely on a vice president that I select for expertise on economic issues."
Does anyone really know where these numbers come from? Do firms just call up and say, we made $XX PPP, and AmLaw publishes it?
I have a hard enough time trusting public companies' audited financials, but we're supposed to take a private firm's unaduited numbers as gospel?
31: Your bs is getting old.
http://www.rasmussenreports.com/public_content/politics/obama_administration/daily_presidential_tracking_poll
It wasn't just corporate associated who got axed.
Don't you mean "Curtis Mallet *Hammers* Corporate Associates?"
I'm a CLS 2L who interviewed with Curtis at EIP. The interviewer sucked. She didn't ask me anything about myself or my interests, and she obviously hadn't bothered to look at my resume.
From what I've heard, it wasn't even close to "10 to 15% of corporate associates."
It was a handful of people (5-10 total), across departments, who probably shouldn't have had jobs to begin with.
39 - first with the hammer joke
-21
It took me forever to get the hammer jokes.
Probably because it's pronounced "muh-lay."
20 - how do you you know about PHNY staff? Is this only true for New York? What about the other offices?
44: Don't know about other offices. The info from my hr tipster only pertained to PHNY.
And another firm to add to TTT.
Another firm built on the corpses of its associates.
This would never happen at JONES DAY.
40: Call me at 922-2222. Sounds like you have a good case with which I'd like to help you.
41- then you've heard wrong.
40--nobody cares about your interests. In fact, had you any real interests, you'd not be a CLS 2L.
There were prior Curtis Mallet layoffs earlier this year, in real estate and other departments. Then this group in corporate. Rumor within Curtis Mallet is that litigation and other departments are now being considered. Another rumor is that the Stamford office is to be closed.
What is going with ATL? NYLawyer reported today that there is another layoff in the works at a London firm. Second round.
ATL is behind the news!