Fried, Frank, Harris, Shriver & Jacobson announced via a firmwide e-mail this morning that it is laying off 41 associates and 58 administrative staff, according to a firm spokeswoman. The legal blog Above the Law first reported the cuts, and the Fried Frank spokeswoman Paula Zirinsky confirmed the authenticity of the e-mail that appeared on the blog.
The layoffs will affect Fried Frank's New York and Washington offices. The spokeswoman would not break down how many people in each office were affected.
According to the e-mail sent by Fried Frank partners Valerie Jacob and Justin Spendlove, the firm will also push back its start date for incoming associates to Jan. 28, 2010, and offer a $10,000 stipend. Incoming associates will also have the option to defer their start date until the fall of 2010 and receive a stipend of $70,000 and benefits if they take a job in a public service legal position before starting at the firm.
Fried Frank also announced it will shorten its summer program by two weeks to a 10 week program.
The Am Law Daily has more information here.