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| Re: Layoffs |
Weird Science |
February 24, 2009 08:37 am |
Interesting comments along those lines from a comment on ATL and the 2/20 post on F & B:
"F&B didn't just lay off first and second years--they laid off associates at every level, including at least one 7th year, who was deferred from partnership "because of the economy" in the fall.
There will be no capital call, because there is no capital at F&B. They don't have equity partners. Partners don't own shares in the firm.
Rumor is that some/several partners will be pushed out of the firm over the course of the spring.
None of the 3L offers have been rescinded, but the summer program has been shortened by two weeks. And they did take fewer summer associates this year than in the past."
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