King & Spalding is laying off 37 associates and 85 staff members, according to the firm’s chairman Robert Hays. The firm did not break the layoffs down by office.
Here is a statement from Hays:
"While we have been working hard in many different ways to manage the firm to respond to the reduction in demand, the continuing decline in the U.S. and global economies has unfortunately made it necessary for us to make some reductions in our lawyer and staff ranks. This decision affects thirty-seven associates and counsel and eighty-five staff.
We regret the impact of this decision and appreciate the contributions our colleagues have made to our clients and the firm. We are providing each of them with a period of salary continuation to aid their transition." -- Robert D. Hays, Chairman, King & Spalding