BigLaw Severance

(On Campus Interviews, Summer Associate positions, Firm Reviews, Tips, ...)
Forum rules
Anonymous Posting

Anonymous posting is only appropriate when you are revealing sensitive employment related information about a firm, job, etc. You may anonymously respond on topic to these threads. Unacceptable uses include: harassing another user, joking around, testing the feature, or other things that are more appropriate in the lounge.

Failure to follow these rules will get you outed, warned, or banned.
Anonymous User
Posts: 273265
Joined: Tue Aug 11, 2009 9:32 am

BigLaw Severance

Postby Anonymous User » Tue Apr 28, 2015 2:42 pm

Does anyone know how severance packages have changed since the recession? I know a lot of associates laid off in 08-09 got 3-6 months but haven't heard anything ITE.

Is it still standard practice to "ask someone to leave" (instead of flat-out Trumping them) and give them 3 months to figure out where to land while wrapping up on current matters?

(Junior associate in a primary market here.)

wildhaggis
Posts: 196
Joined: Sat Oct 15, 2011 1:47 pm

Re: BigLaw Severance

Postby wildhaggis » Tue Apr 28, 2015 3:36 pm

("hey I''ll just turn down work, get fired and cop dat sev")

What are you really asking? Yes, firms still fire people and pay varying amounts of severance over a three- to six-month period.

Copping biglaw sev is one of those little truths that has turned into this big mysterious flame through mantra-like repetition. I think it's a light at the end of the tunnel for a lot of truly miserable biglaw bros. Good luck achieving this in any reasonable timespan if you're corp, though.

Traynor Brah
Posts: 718
Joined: Sun Apr 19, 2015 10:23 pm

Re: BigLaw Severance

Postby Traynor Brah » Tue Apr 28, 2015 3:43 pm

I would like to learn more about this topic.

User avatar
Desert Fox
Progressively loosing literacy
Posts: 14413
Joined: Thu Sep 04, 2014 4:34 pm

Re: BigLaw Severance

Postby Desert Fox » Tue Apr 28, 2015 3:47 pm

2-6 months of "working severance" if you get stealthed or performance laid off.

Nothing if you get Dewey pwnd.

Unclear what severance you get when you get publicly laid off.

User avatar
Big Shrimpin
Posts: 2468
Joined: Fri Oct 24, 2008 12:35 pm

Re: BigLaw Severance

Postby Big Shrimpin » Tue Apr 28, 2015 8:57 pm

Desert Fox wrote:2-6 months of "working severance" if you get stealthed or performance laid off.

Nothing if you get Dewey pwnd.

Unclear what severance you get when you get publicly laid off.


ive heard the same generally

tbh, getting stealthed/perf laidoff seems pretty legit

i guess like u work in BIGLAW until u get stealthed/performo layoff

then u take time off/find SHITLAW job

then i guess killself, etc. unless u have some other EXIT STRATEGY like walking across the US with ur dog, being a travel/food blogger, opening an outdoors shop in the PNW, etc.

Anonymous User
Posts: 273265
Joined: Tue Aug 11, 2009 9:32 am

Re: BigLaw Severance

Postby Anonymous User » Tue Apr 28, 2015 9:08 pm

Anonymous User wrote:Does anyone know how severance packages have changed since the recession? I know a lot of associates laid off in 08-09 got 3-6 months but haven't heard anything ITE.

Is it still standard practice to "ask someone to leave" (instead of flat-out Trumping them) and give them 3 months to figure out where to land while wrapping up on current matters?

(Junior associate in a primary market here.)


Everyone at my firm got the standard 3 months deal. One person got four.




Return to “Legal Employment”

Who is online

The online users are hidden on this forum.