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Just in lit or are the fears/firing more widespread?

There are layoffs at Latham?

Heard of 3 in lit

Aren't they also ending free meals??

what are your other options?

I am a senior lit associate in NY and have not heard of any concerns. The fact that three people in lit were let go (depending on office) is likely just indicative of poor performance/billing issues, as I think litigation generally is busier than the rest of the firm. The concern is going to be whether they can sustain all of the additional corporate talent hired in 2021. When you start hearing of cap markets layoffs, I think that’s when you should be concerned.

Anonymous User wrote: ↑

Tue Apr 04, 2023 7:17 am

I am a senior lit associate in NY and have not heard of any concerns. The fact that three people in lit were let go (depending on office) is likely just indicative of poor performance/billing issues, as I think litigation generally is busier than the rest of the firm. The concern is going to be whether they can sustain all of the additional corporate talent hired in 2021. When you start hearing of cap markets layoffs, I think that’s when you should be concerned.

Latham was pretty involved in the SPAC-boom and hired accordingly, no?

Anonymous User wrote: ↑

Tue Apr 04, 2023 1:55 pm

Anonymous User wrote: ↑

Tue Apr 04, 2023 7:17 am

I am a senior lit associate in NY and have not heard of any concerns. The fact that three people in lit were let go (depending on office) is likely just indicative of poor performance/billing issues, as I think litigation generally is busier than the rest of the firm. The concern is going to be whether they can sustain all of the additional corporate talent hired in 2021. When you start hearing of cap markets layoffs, I think that’s when you should be concerned.

Latham was pretty involved in the SPAC-boom and hired accordingly, no?

I don’t think they hired as aggressively as other places. Our headcount certainly went up but much more conservatively than places like K&E. I wouldn’t worry. Latham is well-diversified and very conservative in all hiring/spending estimates given 2008. I think it’s certain we will continue to see belt-tightening on year-end bonus pools, summer budget, etc., and I think it likely that floaters and people with true performance issues will actually get forced out which is a change from the past 5 years. But other than that, I don’t think we have to worry about widespread layoffs yet.