At the end of last year, Silicon Valley Biglaw mainstay Cooley LLP instituted layoffs for associates due to “overcapacity” issues. But that didn’t signal the end of their issues.
According to a tipster at the firm, “they emailed incoming first years yesterday that they will be pushed to January 2024” — the class was originally scheduled to begin their employment in November of this year. As reported by Bloomberg Law, to help the soon-to-be associates deal with this change in status, they’ll receive a $10,000 stipend from the firm.
Back in September, however, after things had just started to go south, the firm was said to have implemented an associate hiring freeze, but denied the official existence of such a program at the time.
Best of luck to those impacted by the firm’s decision.
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Kathryn Rubino is a Senior Editor at Above the Law, host of The Jabot podcast, and co-host of Thinking Like A Lawyer. AtL tipsters are the best, so please connect with her. Feel free to email her with any tips, questions, or comments and follow her on
