Be careful what you say on your cell phone.
According to a tip posted on Above the Law, Robert Robbins, who heads Pillsbury Winthrop Shaw Pittman’s corporate and securities practice, was overheard talking about imminent layoffs at the firm while on a train to New York.
It turns out that the substance of Robbins’ conversation held water because the firm issued a statement this afternoon confirming that layoffs are coming to the firm. The statement also apologizes for the "unfortunate manner" in which the rumors were confirmed.
The firm declined to comment beyond the statement, including on the number of lawyers and staff that would be affected. The report on Above the Law pegs that number at 15 to 20 in four U.S. offices.
Here is the statement from Pillsbury:
"It is an unfortunate fact in today's economy that no business or law firm can rule out adjustments to their overall workforce levels. This includes Pillsbury, and, among other cost cutting measures, we will be implementing reductions to ensure that our resources are aligned with our business needs. We apologize for the unfortunate manner in which our deliberations about reductions have become public."