Well, it didn’t take long for our first “not so classy” layoff announcement. Our friends over at Above the Law quote Katten partner and spokesperson Tasneem K. Goodman:

Katten Muchin Rosenman LLP this week eliminated the positions of 21 associates and counsel across multiple offices and practices. This measure was taken to further improve the firm’s efficiency, to allow for the continued growth of its associates and to ensure the firm’s long-term success. No adjustments will be made to the new first-year associate class. The firm’s financial performance remains strong despite the current economic downturn.

I am so glad that eliminating these 21 associates will further improve your efficiency. Good luck to the Fall Associates.