The blawgosphere is buzzing with reports that the billable hour is dying, but as Mark Twain once quipped, “The report of my death was an exaggeration”. It all started where…
Boston’s Mintz Levin, which just laid off an undisclosed number of attorneys and staff, has cut associate salaries. The salary reductions are based on hours billed over the last 12…
Manchester, UK’s Halliwells, which in March launched a redundancy consultation targeting 30, is cutting attorneys’ working hours, but not adjusting its billable hours requirements. The firm is putting three quarters…
Kaye Scholer is cutting pay for associates who bill under 1,600 hours this year. First- and second-years who aren’t on track to meet 1,600 hours this year will have their…
![Pillsbury Cuts Associate Pay [Update]](http://www.jdjournal.com/wp-content/themes/advanced-newspaper/timthumb.php?src=wp-content%2Fuploads%2F2009%2F01%2Fpillsbury_160x120.jpg&q=90&w=80&h=66&zc=1 "Pillsbury Cuts Associate Pay [Update]")
Pillsbury, which offered associates $60,000 to leave the firm, is imposing associate salary reductions based on hours. Salaries are being cut between 10% 5% and 20%, depending on how many…
According to the Hildebrandt International Peer Monitor Index, demand for legal services dropped by more than 8% compared to Q1 2008, dropping sharply in January and February but flattening in…
Crowell & Moring has told as many as 20 lawyers across the firm that their salaries will be reduced in light of reduced hours. First year associates were not affected.…
Pillsbury, which fired 155 in March, is hiring lawyers for its trusts & estates practice. Palo Alto-based partner Jennifer McCall, head of Pillsbury‘s estates, trusts and tax planning group, is…
Yesterday Hogan & Hartson laid off 93 US support staff. Today we learn more about changes in compensation for associates who joined the firm in Fall 2008. Hogan offers two…
Washington, DC-based Patton Boggs is adopting a new compensation plan for partners, retooling a long-held “eat-what-you-kill” system to reward partner cooperation and business development. Under the new structure, which will…
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