Chadbourne & Parke has confirmed that the firm has laid off 25 associates and counsel across its 13 offices worldwide.
Andrew Blum, media relations manager at the firm, tells The BLT that the layoffs were "an economic decision due to the recession." He says the associates who were affected were primarily in the firm's transactional practices.
Blum says the affected lawyers who were in the office today have already been informed. He would not confirm whether anyone was laid off in the firm's Washington office, which has over 50 lawyers.
The firm will be offering severance packages to those affected, but Blum says "the individual separation pay arrangements will not be disclosed."
Blum says the firm has also delayed the start date for its incoming associate class until January 2010. The 28 associates who had have their start dates deferred will receive a $13,000 stipend to cover bar preparation costs and other expenses.
He says the firm does not anticipate any more layoffs.
"These actions to align our staffing levels with client demand for our services, while extremely unpleasant, and our ongoing expense reductions coupled with the diversification of our practice mix and geographic dispersion will position us better than many firms to react to the challenges of this recession," Blum says.
The National Law Journal has more here.