RANK steps of a firm in desperation
| .. ... .. . ... . | 03/19/09 | | clerkity_clerk | 03/19/09 | | ..,,,...,,,.,,,....,.,.,,,.,.,..,,.,......,,, | 03/19/09 | | United Against a Nuclear Latham | 03/19/09 | | Swanus | 03/19/09 | | Morrigan's Demon Baby | 03/19/09 | | .......,,.....;...........,,,, | 03/19/09 | | Morrigan's Demon Baby | 03/19/09 | | Dr. Science | 03/19/09 | | .......,,.....;...........,,,, | 03/19/09 |
Poast new message in this thread
Date: March 19th, 2009 3:56 PM Author: .. ... .. . ... .
From least drastic to most drastic.
Cutting perks
Reduced 2L summer program (size & extravagance)
Shorter 2L summer program
No-offering 2Ls
Rescinding 3L offers
Delayed start date
Deferred start date
Cutting bonuses
Temp salary freeze
Indefinite salary freeze
Stealth layoffs
Laying off staff
Laying off associates
Laying off first years
Laying off non-share partners
Dissolving
(http://www.autoadmit.com/thread.php?thread_id=955463&forum_id=2#11189173) |
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Date: March 19th, 2009 4:02 PM Author: clerkity_clerk
If by "least to most drastic" you mean the order in which they are typically done, TITCR:
Cutting perks
Reduced 2L summer program (size & extravagance)
Shorter 2L summer program
No-offering 2Ls
Laying off staff
Cutting bonuses
Stealth layoffs
Delayed start date
Deferred start date
Temp salary freeze
Indefinite salary freeze
Laying off associates
Rescinding 3L offers
Laying off first years
Laying off non-share partners
Dissolving
(http://www.autoadmit.com/thread.php?thread_id=955463&forum_id=2#11189227) |
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Date: March 19th, 2009 4:09 PM Author: ..,,,...,,,.,,,....,.,.,,,.,.,..,,.,......,,,
From least to most desperate.
Cutting perks
Reduced 2L summer program (size & extravagance)
Shorter 2L summer program
Layoff Staff
Cutting bonuses
Delayed start date
Deferred start date
Temp salary freeze
Indefinite salary freeze
Stealth layoffs
No offer a few summers
Laying off associates
No offering substantial number of summers
Laying off first years
Rescinding 3L offers
Dissolving
(http://www.autoadmit.com/thread.php?thread_id=955463&forum_id=2#11189282)
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Date: March 19th, 2009 3:58 PM Author: Swanus
1. Cutting perks
2. Cutting jerks
(http://www.autoadmit.com/thread.php?thread_id=955463&forum_id=2#11189197) |

Date: March 19th, 2009 4:04 PM Author: Morrigan's Demon Baby (blathering on and on about all kinds of boring crap)
Cutting perks, Reduced 2L summer program, Shorter 2L summer program (only 2Ls pay attention to summer program details), Cutting bonuses
No-offering 2Ls, Delayed start date
Deferred start date, Laying off staff, Stealth layoffs
Indefinite salary freeze, Temp salary freeze (I dont't think anyone distinguishes between these two)
Laying off associates, Laying off first years (yeah, it's mean, but that's the least useful and generally the most overpopulated class year, and every firm that's doing public layoffs has done so to my knowledge)
Rescinding 3L offers (I think this is particularly bad because it means you have little hope things will improve in 6 months)
Laying off non-share partners
Dissolving
(http://www.autoadmit.com/thread.php?thread_id=955463&forum_id=2#11189240)
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Date: March 19th, 2009 4:05 PM Author: .......,,.....;...........,,,,
Cutting perks
Reduced 2L summer program (size & extravagance)
Shorter 2L summer program
Rescinding 3L offers
Delayed start date
Deferred start date
Cutting bonuses
Laying off associates
Temp salary freeze
No-offering 2Ls
Stealth layoffs
Dissolving
Laying off staff
Laying off first years
Laying off non-share partners
Indefinite salary freeze
(http://www.autoadmit.com/thread.php?thread_id=955463&forum_id=2#11189253)
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