We’re getting multiple reports that Foley & Lardner is laying off 39 people today. Our sources report that associates are being told right now. If you work at Foley, I hope your phone is not ringing.
One tipster tells us that the IP group could be the hardest hit:
Foley announced associate/senior counsel/etc. layoffs today. Exact number not entirely clear, but about 39 folks are supposedly being informed today. There were others informed earlier that could take the total up to 50+. Not sure which offices, etc. Rumor has it that Foley’s IP group is especially vulnerable — very little work in that group.
I guess cutting the soda subsidy wasn’t enough of a cost savings.
Spokespeople at Foley & Lardner did not respond to an immediate request for comment. We’ll keep you posted as more news develops.
UPDATE: In other Foley news, the ABA Journal reports that the firm is claiming it’s the victim of vexatious litigation filed by a patent holding company. See also The BLT.
Earlier: Reversed Perk Watch: Soda Subsidy Slashed at Foley & Lardner