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Associate-Entlassungen

Immer noch selten selbst in den USA: Betriebsbedingte Kündigungen für Associates a.k.a. “targeted personnel reductions”:

Cadwalader wasn’t the first firm to announce associate layoffs since last year’s credit market meltdown. In November, the New York office of U.K.-based Clifford Chance laid off six structured-finance lawyers. And given the rapidly deteriorating economy, Cadwalader probably won’t be the last. Thacher Proffitt & Wood and McKee Nelson, two other firms that are active in the securitization field, have offered buyouts to associates to encourage them to leave.

Full post as published by jurabilis - German bLAWg from Berlin. on January 24, 2008 (boomark / email).