BROWN RUDNICK — PRESS STATEMENT ON RESCINDED OFFERS
With regret, we have made the difficult decision to rescind offers to 10 of the 23 associates scheduled to join us in the fall 2014. Most of these associates were extended offers to work in our NY and Boston offices and we are not in a position to assimilate such a high number and provide associates with the work opportunities and training that will enable them to develop. The hiring process with this first year class started more than a year and a half ago when they were initially interviewed for summer clerkships. During the last two years, we have enjoyed strong financial performance and our business and legal staff have grown significantly, but most of the growth has taken place in different markets, outside of our NY and Boston offices: in London, Orange County, and Paris. We were able to relocate some of last year’s class of first year associates to other domestic offices outside of NY and Boston for the fall 2013, but that is not practical to do for this year’s class. Market conditions have remained challenging. Demand for legal services has been relatively flat during the last two years and client demand for first year associates has declined.
We regret the disappointment this will cause the affected students and to assist them we are offering them a transition payment, outplacement assistance, references and reimbursement for their bar review courses and other bar-related costs. All of these students are very capable and have bright futures, and we wish them well.