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.
Kinney Recruiting’sEvan Jowers is currently in Hong Kong for client meetings and still has a few slots available through October 22. Evan will also be in Hong Kong November 14 to December 15. Further, Robert Kinney has been in Frankfurt and Munich this week and is available for meetings with our Germany based readers.
One of our key law firm clients has referred us to one of their important clients in the US, Europe and China – a leading global technology supplier for the auto industry – in order to handle their search for a new Asia General Counsel and Asia Chief Compliance Officer.
Kinney is exclusively handling this in-house search.
This position will have a lot of responsibility and include supervision of eight attorneys underneath them in the Asia in-house team. The new hire will report directly to the global general counsel and global chief compliance officer, who is based in the US. The new hire’s ability to make judgement calls is going to be as important as their technical skill set background.
The position is based in Shanghai and will deal with the company’s operations all over Asia and also in India, including frequent acquisitions in the region.
It is expected that the new hire will come from a top US firm’s Shanghai, Beijing or Hong Kong offices, currently in a top flight corporate practice at the senior associate, counsel or partner level. Of course, the candidate can be currently in a relevant in-house role.
It’s the legal profession’s equivalent of a long-term relationship.
When Michelle Waites, Senior Patent Counsel for Xerox Corporation, attended The LGBT Bar’s Lavender Law conference several years ago, she wasn’t sure what to expect. She left having forged a lasting business relationship that still endures today.
It was during The LGBT Bar’s event – an annual gathering of more than 1,600 lesbian, gay, bisexual, transgender and allied legal professionals – that Waites first met Marla Butler, a partner at Robins, Kaplan, Miller & Ciresi LLP, who specializes in patent law.
Today, the two are still close friends as well as professional colleagues. Butler’s firm continues to work with Xerox – a business partnership forged via The LGBT Bar.
On November 19th, The Bar will present its first-ever conference outside the United States. Dubbed “A Lavender Law Experience for Europe,” the day-long Business Legal Conference will replicate programs such as the one that brought Waites and Butler together for legal professionals in Europe.
The JOBS Act created new tools for companies to publicly advertise securities deals online. As a result, thousands of new deals have hit the market and hundreds of millions in capital has been raised, spurring a wealth of new business development opportunities for attorneys.
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The Jumpstart Our Business Startups Act (JOBS Act) went into effect in 2013 and permits Regulation D offerings of securities to be advertised publicly. This means that funds and companies can now use social media, emails and web sites to market transactions to new “accredited” investors.
However, with these new powers come new pain points. InvestorID FirmTM provides a secure, fully hosted, cloud-based platform with a breadth of tools for your clients, including: