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Nationwide Layoff Watch: Kirkland Closes Down 20 NY Associates

kirkland ellis logo.JPGIt’s not really a “black Wednesday,” but it is certainly very dark. After a day full of layoffs, the firm of Kirkland & Ellis decided to get in on the action. The WSJ Law Blog reports:

Kirkland & Ellis earlier today laid off more than 20 associates in its New York office, according to a person familiar with the matter. Associate layoffs also hit the firm’s Washington, D.C. office.

The layoffs came at the end of the firm’s annual associate-review process. Associates deemed to have not been on track to make either equity partner or non-equity partner were asked to leave, the person familiar with the matter said.

We don’t know how many D.C. associates were let go. But earlier this summer, we reported that the associate review process at Kirkland had been moved up this year. By the end of July, associates were already buzzing that the “layoff list” had been circulated around to Kirkland’s partners.

So we hope that the associates let go today didn’t work that hard during August.

We can also report that the laid off associates will be given a four-month severance package.

The only problem in Kirkland’s performance review logic is this quote from one of our sources:

[Layoffs at Kirkland] are happening today. First years and second years hit hard in the corporate group.

Is it normal for Kirkland to make partner track decisions after just one or two years of work? We’ve heard about “up or out” policies, but that seems harsh.

But we take Kirkland at its word. Nothing to see here, just the normal review process for first years who were not going to make partner.

Good luck, Kirkland friends.

After the jump, an update from San Francisco.

Update (9:44 PM): Reports about Kirkland’s layoffs on the west coast are starting to roll in. Here’s what we know so far:

* At least 10 people laid off in San Francisco.

* An unconfirmed number of associates let go in Palo Alto (it’s a small office).

* Our west coast sources are reporting that they received a three-month severance package, not the four months that our east coast people are reporting.

Is it out of the question that a firm would give different severance packages to people in different offices? We’ll clear this discrepancy up as soon as we can.

How is it going in L.A.? We’re waiting back to hear from our L.A. sources, but drop us a line if you know the scoop — we know you are not sleeping yet.

Kirkland & Ellis Lays off More than 20 Associates in New York [WSJ Law Blog]

Earlier: Are Layoffs Coming to Kirkland & Ellis?
Nationwide No Offer Watch: Numbers from Kirkland and Orrick
Prior ATL coverage of law firm layoffs

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