Connecticut’s Pepe & Hazard is laying off five attorneys and seven staff members. The 61-attorney firm says the move “is the direct result of the current economic downturn that is…
London’s Allen & Overy will only retain 70% of its trainees for September 2009 and March 2010. The Magic Circle firm has not made a final decision about the retention…
Above the Law reports that K&L Gates held a meeting Friday to discuss, amongst other things, salary freezes. Earlier today, associates at K&L Gates attended a town hall meeting with…
Evan R. Chesler, a Presiding Partner at New York’s Cravath, Swaine & Moore LLP, has made a bold suggestion in January’s Forbes Magazine: Kill the billable hour. I’m a trial…
Austin, Texas-based appellate boutique Alexander Dubose Jones & Townsend is reducing its billing rates in current hourly-fee cases by 10% on January 1st. Douglas Alexander, a partner in the 13-lawyer…
Over 70% percent of large law firms surveyed raised their billing rates this year, with one firm charging more than $1,200 an hour, according to the ABA Journal. The average…
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