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Venable Layoffs

Venable announced today that it is laying off 16 lawyers, 5 paralegals, and 43 full time staff. The Maryland Daily Record in a brief story, said it will write a comprehensive story on the Venable layoffs tomorrow (here it is). Above the Law reports that Venable will also delay the start of the incoming class of first year associates from September 2009 to January, 2010.

If you have student loans coming due or you otherwise expect to get a paycheck in September, this has to be incredibly frustrating, particularly for Venable first year associates who likely had their pick of Baltimore law firms. Then again, this economy is also probably hurting the law firm they could have picked over Venable.