Last Monday, we reported that Milbank laid off 89 people. Milbank did not respond to our requests for comment for that story, but when one tipster asked firm management how many people were laid off from the firm, the tipster was told to “check the blogs.”
We take our responsibility on that front seriously, and so we have some additional information to report. In our initial report, we said that first years were not laid off by Milbank. Apparently, that statement was in error. We have since received numerous reports from sources claiming that first years were in fact laid off last Monday. Many of those reports were from laid off first years. this report is exemplary of many we received:

Screw you MysTTTal. Milbank did lay-off first years. At least 10 firm wide. Take the hot comb out of your hair and do some real reporting.

Once again, I’m a guy. And I only put natural juices and berries in my hair.
Another laid off first year reports:

The firm did in fact give us 3 months severance but today’s news came as a major shock and seem to have been prompted by the arrival of summer associates this coming Monday.

Laying off first years is one thing. But did Milbank also lay off a pregnant woman on maternity leave? Somebody cue up the Shinyung Oh music, after the jump.

Continue reading “Milbank Layoffs Follow-Up”

Back in January, we asked if Milbank was laying the ground for stealth layoffs. The firm changed its annual review process, and associates were concerned. At the time a firm spokesperson suggested there was nothing to worry about:

We did an overhaul of our evaluation system in late 2007 to early 2008 that was part of a broader firm excellence initiative. The new review process was designed to encourage excellence and provide more meaningful feedback, forward-looking career guidance and greater focus to the professional development of our associates.

Today, associates received some very “meaningful feedback,” as 49 of them were let go.
The firm also laid off 40 staffers as part of today’s cuts.
We understand that while all departments were affected, general corporate was the hardest hit.
Milbank spokespeople did not respond to an immediate request for comment, so we don’t know if these layoffs will be called economic or performance based. But we also understand that there is a full memo going around explaining all of the moves, we’ll post it when we get it.
Good luck to the 89 Milbank people let go today.
Update (5:08): A tipster reports this additional information:

No first years were affected. All were told that it was NOT performance based, but due to the lack of work. They were very civil about it. Last day of work is Friday (conveniently, the day before the summer associates start on Monday). Severance is 3 months, plus accrued vacation.

Earlier: Is Milbank Setting Up For Stealth Layoffs? Not According to Milbank