Today, just as we roll into the weekend, we’ve got even more layoff news. One of the biggest law firms in Connecticut, one that last conducted layoffs at the start of the recession, is handing out walking papers to as many as 40 of its attorneys and staff members. Which firm, and why?
What would your firm do to land, or generate more business from, an important client? Would you… switch sodas?
Over at Day Pitney, they’re taking the Pepsi challenge. Here’s an email recently sent around the firm by partner Ernest Mattei (Pepsi logo in the original):
Pepsico, Inc. is a firm client. We want to expand our relationship and increase the amount of business we receive from Pepsi. Currently we have matters for Pepsi that are being handled in several of our offices. We have had meetings in those offices with Pepsi attorneys and representatives.
We want Pepsi to know that they are important to us and that we are serious about representing them and developing our relationship. One obvious way to do this is to use their products. For that reason, the Executive Committee has approved offering Pepsi and Diet Pepsi at meetings when beverages and snacks are provided in our Connecticut and Boston offices. Coke will still be available in our vending machines.
We plan on informing Pepsi of the firm’s decision. Thank you for your anticipated support of this decision.
How is this news being received at Day Pitney? Caffeine-addicted lawyers can be very sensitive when it comes to their soda. Remember the near-mutiny at Foley & Lardner, after the firm decided to slash its soda subsidy?
And will Pepsi even notice that Day Pitney has switched?
UPDATE: A reader poll on Coke v. Pepsi, added after the jump.
Incrementally, the pace of layoffs has been picking up. Perhaps firms are trying to get through all of their cuts before the holiday season?
The latest news comes from Day Pitney. A tipster reports:
Day Pitney in CT laid off 30 staff today and moved staff to lower positions.
A spokesperson from Day Pitney confirmed that the firm laid of 29 staff (not 30). The move was part of a staff reorganization and affected staffers in eight of the firm’s nine offices.
No attorneys were laid off.
Let’s check Day Pitney’s layoff history after the jump.
Back in February, Day Pitney laid off a number of staff. Today, the bad news has trickled up into the associate ranks. The firm wide memo just went out:
Earlier today, we met with 20 associates and counsel to notify them that their positions are being eliminated. The reductions are spread throughout our offices and practice areas. We deeply regret the need to take these steps. All of the people whose jobs have been eliminated are highly skilled professionals who have made significant contributions to the Firm. Each person has been offered a severance package that includes outplacement services.
Does anybody know when the Day Pitney summers are starting?
At least the displaced Day Pitney associates will get to enjoy their summer without having to worry about working inside all day. Fresh air, clean living, and maybe some camping? They can get a head start on learning the post-apocalyptic survival skills that will be key come the fall.
Read the full memo after the jump. Good luck to those who lost their jobs today.
Dreams of a pleasant morning coding documents and browsing eHarmony turned into a nightmare for 66 assistants and paralegals at Day Pitney. Jim Sicilian, co-chair of the Executive Committee, told ATL via phone that 66 staff members were laid off across all firm offices. According to Jim, no associate layoffs are planned for the moment.
The news comes as somewhat of a relief because it initially appeared that the firm was mounting a black ops assault:
An assistant and paralegal in the hall near me were called down to a conference room and immediately let go. One was working on an assignment for me and left in the middle of it — never to return.
Or a government sting:
Head of HR is camped out in conference room and calling for people to come down. When they go back to their office, their computers are locked out, and they can’t even access to close out a document or grab personal files. Now, the office is paralyzed waiting for the phone to ring.
Town meetings are in store for attorneys and staff later today or tomorrow. It appears that some members of staff will be unable to attend.
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For most attorneys, time spent managing the books is a necessary evil at best. Yet it is undeniably a crucial aspect of running a successful practice. With that in mind, we invite you to view or download a free webinar by Above the Law and our friends at Clio to learn how to better manage your finances.
Take this opportunity to learn what it takes to streamline your accounting and get the most out of your time. The webinar agenda:
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Ed. note: The Asia Chronicles column is authored by Kinney Recruiting. Kinney has made more placements of U.S. associates, counsels and partners in Asia than any other recruiting firm in each of the past seven years. You can reach them by email: email@example.com.
Please note that Evan Jowers and Robert Kinney are still in Hong Kong and will stay FOR THE REMAINDER OF THIS WEEK. We still have a handful of available slots for meetings with our Asia Chronicles fans. If we have not been in touch lately, reach out and let us know when we could meet! There is no need for an agenda at all. Most of our in-person meetings on these trips are with folks who understand that improving a legal practice through lateral hiring is an information-driven process that takes time to handle correctly.
Regarding trends in lateral US associate hiring in Hong Kong, we of course keep much of what we know off of this blog. Based on placement revenue, though, Kinney is having one of our most successful years ever in Asia. We are helping a number of our law firm clients with M&A, fund formation, cap markets, project finance, FCPA and disputes openings. These are very specific needs in many cases, so a conversation with us before jumping in may be helpful. As always, we like to be sure to get the maximum number of interviews per submission, using a well-informed, highly targeted, and selective approach, taking into account short, medium and long-term career aims.
Making a well informed decision during a job search is easier said than done – the information we provide comes from 10 years of being the market leader in US attorney placements at the top tier firms in Asia. There is no substitute for having known a hiring partner since he/she was an associate or for having helped a partner grow his or her practice from zip to zooming, and this is happily where we stand today – with years of background information on just about every relevant person in all the markets we serve, and most especially in Hong Kong/China/Greater Asia. So get in touch and get a download from us this week if we can fit it in, or soon in any case!