It had been rumored that the law firm of Dewey & LeBoeuf was struggling through some difficult times recently, with potential layoffs, departures of partners and even financial problems.…
Click here to access an up-to-date list of Law Firm Salaries on LawCrossing.com. Law firms across the country are starting to recover from the recession but plenty of…
Upcoming lawyer face enormous financial debt from college only to enter into a legal market with no available jobs. Despite this disheartening fact, William Robinson, the president of the American…
A law firm from Long Island that specializes in insurance defense and mortgage foreclosures is looking to open an office in Amherst. The reason for this is that the firm…
Willkie Farr may be getting raided, but it’s not entirely a bad thing. Because Willkie is just losing talent to a top client, instead of losing talent to a rival…
Right on the heels of support staff layoffs, and also on-shore outsourcing efforts at the hands of O’Melveny & Myers, we have some news of another law firm doing the…
Lawyers are not very often referred to as refugees. However times are tough in the economic times of lawyers as well. Major Law firms have been notorious for laying- off…
The latest jobs report from the Bureau of Labor Statistics shows that the legal job market is not faring any better than the general jobs market. The legal job market…
The NY Times Dealbook is reporting that three associates, all female, were let go late last week by Boies Schiller. All three were part of a team that lost a major…
According to multiple online reports, Howrey has laid off 32 staffers across its 10 offices. Howrey, which confirmed the cuts in an e-mail to several media outlets, described the move…
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Law firms of all sizes are being much more selective about who makes equity partner. Gone are the days where doing good work and putting in your time is enough to get you to a profit sharing level. Today, equity partners almost always have to prove that they can contribute their share to the firm. So what does this mean for associates and how can a two-tiered partnership track be beneficial? With a two-tiered partnership structure, associates get more time to prove themselves and also more time to determine whether partnership is the right goal for them. Two-tier partnerships (non-equity and equity) exist so the firm can train and develop associates into equity partners. The non-equity track to partner at most firms is on average, 6 years long. [...]
May 16, 2013 Read More
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