BigLaw Severance Forum

(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: 428118
Joined: Tue Aug 11, 2009 9:32 am

BigLaw Severance

Post by 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

Bronze
Posts: 195
Joined: Sat Oct 15, 2011 1:47 pm

Re: BigLaw Severance

Post by 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

Silver
Posts: 776
Joined: Sun Apr 19, 2015 10:23 pm

Re: BigLaw Severance

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

I would like to learn more about this topic.

User avatar
Desert Fox

Diamond
Posts: 18283
Joined: Thu Sep 04, 2014 4:34 pm

Re: BigLaw Severance

Post by 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.
Last edited by Desert Fox on Sat Jan 27, 2018 4:43 am, edited 1 time in total.

User avatar
Big Shrimpin

Gold
Posts: 2470
Joined: Fri Oct 24, 2008 12:35 pm

Re: BigLaw Severance

Post by 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: 428118
Joined: Tue Aug 11, 2009 9:32 am

Re: BigLaw Severance

Post by 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.

Want to continue reading?

Register now to search topics and post comments!

Absolutely FREE!


Post Reply Post Anonymous Reply  

Return to “Legal Employment”