A new survey conducted by “Legal Week” finds that lateral partner hiring by U.S. firms in London fell to its lowest level last year since 2004. Hiring trends at 37 of the biggest U.S. and trans-Atlantic firms show that just 59 lateral partner moves were made in 2009. Many firms were reluctant to expand with [...]
Continue reading...Wednesday, January 20, 2010
Cadwalader, Wickersham & Taft reported a 28% increase in profits per partner for 2009, marking the first per partner increase for the firm since 2007. However, this increase may be attributed to an almost 21% loss in the number of equity partners in the firm and massive associate layoffs. Cadwalader had 61 equity partners at [...]
Continue reading...Tuesday, August 11, 2009
The American Lawyer has updated its list of AmLaw 200 law firms by percentage layoffs since January, 2008. More than 3,067 attorney jobs have been cut, or 2.75%. Here are the top five, as of today: Cadwalader Wickersham & Taft: 36.3% Dechert LLP: 14.6% Orrick Herrington & Sutcliffe: 14.3% McKee Nelson: 13.3% White & Case: 13.0%
Continue reading...Friday, July 31, 2009
Earlier this month, Cadwalader told 34 junior associates they could accept a one year, unrestricted sabbatical. or leave the firm. Now the firm has announced it is offering the laid off associates jobs with the firm, as contract lawyers. The jobs would pay between $45 and $65 per hour. In May, Cadwalader was the number one AmLaw [...]
Continue reading...Tuesday, July 7, 2009
Cadwalader, the AmLaw 200 firm that leads in percentage laid off, has asked 34 junior associates to accept a one year, unrestricted sabbatical. The sabbaticals target lawyers in the Capital Markets and Real Estate Finance groups in New York and North Carolina. Participating lawyers will get one-third of their current compensation, plus medical benefits.The firm intends [...]
Continue reading...Friday, May 22, 2009
The American Lawyer has assembled a list of AmLaw 200 law firms by percentage layoffs since January, 2008. More than 2,900 attorney jobs have been cut, or 2.62%. Here are the top five, as of today: Cadwalader, Wickersham & Taft: 29.8% Orrick, Herrington & Sutcliffe: 14.3% McKee Nelson: 13.3% White & Case: 13.0% Dechert LLP: 11.8%
Continue reading...Tuesday, March 10, 2009
Despite the fact that February 12th is still known as Black Thursday and generally considered the worst day for law firm layoffs since the economic meltdown began, the truth is it’s only the third worst day to date. Yesterday, March 9th, had the largest number of single day layoffs: White & Case announced 400 layoffs (although [...]
Continue reading...Wednesday, February 25, 2009
In the wake of chemical giant LyondellBasell filing for Chaptel 11, several top firms in the United States and the United Kingdom find themselves involved. Cadwalader Wickersham & Taft has secured a leading role for the company in the US, with financial restructuring group heads Deryck Palmer and John Rapisardi leading the team. In the UK, [...]
Continue reading...Tuesday, February 24, 2009
According to a report released by the San Francisco-based Project for Attorney Retention, which surveyed 100 American law firms, only 23 of those firms had partnership classes consisting of at least 40% women in 2008. Fourteen of the 100 firms did not include any women. The survey included 100 law firms, which were chosen based on prior [...]
Continue reading...Tuesday, January 27, 2009
Cadwalader, Wickersham & Taft has threatened seven departing London partners with legal action for breaching their partnership agreement. The partners, Karl Clowry, Conor Downey, Michelle Duncan, Justin Jowitt, Tom O’Riordan, Christian Parker and Charles Roberts, announced their mass walkout on January 14th. They are headed to rival US firm Paul, Hastings, Janofsky & Walker. Through London firm [...]
Continue reading...
Sponsored by |
Friday, February 26, 2010
0 Comments