What gets attention in the legal sector is news about various forms of "righsizing." Those are rarely called "layoffs" any more. What gets even more attention is what seems like rightsizing, smells like rightsizing, talks like rightsizing, and walks like rightsizing but has no name. And that's the story which David Lat broke on Abovethelaw.com.
According to ATL's sources, the law firm Allen & Overy has been, as some already know, cutting staff positions. But in addition, there has been the strange case of the disappearing junior associates. One day they are there. The next day they aren't. Ah! one suspects stealth layoffs. The vanishing lawyers might have been terminated but we won't hear a peep from them because they signed confidentiality contracts.
This story will not go away. ATL asks for more tipsters to step forward. My hunch is that they will. Another big story in the making.