Stealth Attorney Layoffs at Sullivan & Cromwell [Update]


	Stealth Attorney Layoffs at Sullivan & Cromwell [Update]

rogerjac

5-17-2009 11:34 PM

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tags:

sullivan & cromwell, law firm layoffs, lay off staff, severance packages, jd journal, legal news, jdjournal.com

rogerjac says:

Sullivan & Cromwell has laid off between 15 and 20 associates at its New York HQ, According to online sources, the number of associate layoffs at Sullivan & Cromwell’s New York office has hit at least 30. The firm may intend to cut 10% of NYC associates overall, for a total of up to 50.

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</DIV></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.jdjournal.com/2009/05/13/stealth-attorney-layoffs-at-sullivan-cromwell/"><P><IMG alt="Sullivan & Cromwell" src="http://www.jdjournal.com/wp-content/uploads/2008/12/sullivancromwell_160x120.jpg" class="alignright" /><A  href="http://www.jdjournal.com/tag/sullivan-cromwell/">Sullivan & Cromwell</A> has laid off between 15 and 20 associates at its New York HQ.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.jdjournal.com/2009/05/13/stealth-attorney-layoffs-at-sullivan-cromwell/"><div align="center"><img src="http://content9.clipmarks.com/blog_cache/www.jdjournal.com/img/D2302A29-5E0C-4BAF-A186-6103B69A7149" alt="Sullivan & Cromwell" /></div></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.jdjournal.com/2009/05/13/stealth-attorney-layoffs-at-sullivan-cromwell/"><P>The firm cites performance reasons for the layoffs, which took place mostly in February. Affected associates received two months severance.</P></blockquote><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content6.clipmarks.com/images/clip-icon.gif" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.jdjournal.com/2009/05/13/stealth-attorney-layoffs-at-sullivan-cromwell/" href="http://www.jdjournal.com/2009/05/13/stealth-attorney-layoffs-at-sullivan-cromwell/" style="font-size: 11px;">www.jdjournal.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.jdjournal.com/2009/05/13/stealth-attorney-layoffs-at-sullivan-cromwell/"><div align="center"><img src="http://content7.clipmarks.com/blog_cache/www.jdjournal.com/img/2FDECF31-A85A-4338-99EA-4885B4DAC2B8" alt="" /></div></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/A18119A6-0C18-43EB-8515-D394F39F257F/blog/" title="blog or email this clip"><img src="http://content8.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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