More Layoffs Hit – Latham 250 Staffers

From A Paralegal’s Blog:

Latham & Watkins Lays Off 190 Associates, 250 Staffers

ABA Journal – Law News Now

Posted: 27 Feb 2009 07:47 AM PST

Setting new records for layoffs, rumor has it that Latham & Watkins has let go of 190 associates and 250 staff members. However, they are offering an unheard-of severance package that includes six months’ salary and medical coverage, capped at $100,000. The cuts are 12 percent of the firm’s associates and 10 percent of paralegal and other staff. New York and Los Angeles offices were hit the hardest.

(Source: ABA Journal – Law News Now)