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Rumor: King & Spalding to Lay Off 80 Today

Law blawgs are reporting rumors that King & Spalding is holding layoffs today, with possibly 80 employees targeted.

The Atlanta office is expected to be especially hard hit. Fired employees are being notified by phone, and being offered a three-month severance package, according to tipsters.

If you know anything about this, please let us know!

Watch this space for details as they become available.

King & Spalding LLP was founded in Atlanta in 1885 by Alexander C. King and Jack Spalding. It has a London-based international arm, King & Spalding International LLP, which opened in 2003.

It is Atlanta’s oldest law firm, and employs 880 in 13 offices.

Erik Even: