It’s an unfortunate situation to be in. I think it’s important for these attorneys to learn from this experience such that the next opportunity they look for, stability should be part of that conversation.
— Katherine Loanzon, managing director at Kinney Recruiting, in comments given to the American Lawyer, on the place where nearly 80 Cooley associates now find themselves in the wake of being laid off. Those associates’ profiles were removed from the firm’s website almost immediately and given three months’ of severance. “Before the pandemic, [associate] severance would be between three and six months,” Loanzon said. “Some firms can be more generous, especially if it’s an associate who has put more time into a firm and created more value for the firm.”
Staci Zaretsky is a senior editor at Above the Law, where she’s worked since 2011. She’d love to hear from you, so please feel free to email her with any tips, questions, comments, or critiques. You can follow her on Twitter or connect with her on LinkedIn.