The National Law Journal reported overall headcount at the nation’s 250 largest law firms fell for a second straight year. Following last year’s 4 percent drop, the survey found firms…
Brinks Hofer, a boutique intellectual property firm, laid off 18 workers this week largely as the result of a still-sluggish economy. According to legal tabloid Above The Law, which broke the…
Bill McCollum, The Florida Attorney General, issued subpoenas to three South Florida foreclosure law firms as they begin their probe into allegations over forged documents filed with the courts in…
Laid off employees in Louisiana have filed a law suit over Governor Jindal’s changes to the Louisiana Civil Service Commission’s layoff rules. The suit, which was filed on July 30, questions…
An upcoming study of small and mid-sized law firms will demonstrate how the recession has affected their response to the ever-present recession. The study, coming from the National Law Journal,…
The latest numbers from the Bureau of Labor Statistics showed the legal sector lost 3,900 jobs in June. And that’s not all the bad news. After initially stating the legal…
The Pittsburgh Business Times is reporting that Thorp Reed & Armstronghas “parted ways” with seven of its attorneys as well as two administrative assistants. Thorp, which employs some 125 attorneys,…
Baker & McKenzie, which replaced Skadden atop the AM Law 100 with 2009 revenue of $2.11 billion, has formally parted ways with 11 of its 12 re-deferred associates from the…
Officials for McDonough Holland & Allen, the second-largest law firm in Sacramento and one of its most prestigious, announced Friday that the firm will be shutting down later this year.…
Jones Day, this year’s No. 4 ranked law firm in the AM Law 200, has laid off staff at its Dallas and Los Angeles offices. A partner at the firm’s…
Attorney Career Resources is sponsored by BCG Attorney Search, the nation's leading placement firm, specializing in law firm placements.
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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