Davis Polk has announced its year end bonus schedule and, surprise!, it looks all too familiar. Yup, it matches the bonuses put out by Cravath, which match the bonuses of every biglaw firm to announce bonuses in the days after Cravath set the bar. New associates are receiving $7500, with seniors making $30,000 [...]
Continue reading...Tuesday, August 11, 2009
Working Mother Magazine and Flex-Time Lawyers have announced their 2009 Best Law Firms for Women. The accolade is awarded based on attention to work-life and women’s issues, and the increased use of part-time and other family-friendly policies. Firms with at least 50 lawyers were eligible to apply, and the application included detailed questions about issues that are [...]
Continue reading...Tuesday, June 9, 2009
Davis Polk, home of stealth layoffs, will permanently close its office in Frankfurt, Germany in August. The office’s long-time resident partner, Patrick Kenadjian, is retiring at the end of the year. His successor, Harald Halbhuber, has decided to leave the firm as well. Much of the office’s work will be taken over by Davis Polk’s 31-lawyer London [...]
Continue reading...Wednesday, May 20, 2009
Skadden has been ranked the top corporate law firm in the US for the ninth year in a row, according to Corporate Board Member magazine. The rankings are based on a poll of 6,300 directors and general counsel. Here are the top 20 on the America’s Best Corporate Law Firms list, including last year’s ranking: 1. Skadden Arps [...]
Continue reading...Sunday, March 15, 2009
According to the online rumor mill, Davis Polk & Wardwell started laying lawyers off in December. At least 12 corporate law associates have been laid off for performance reasons and given three months notice. Up to 30 total may have been cut in New York City alone. If you know anything at all about layoffs at Davis Polk, [...]
Continue reading...Saturday, March 7, 2009
Trial firm McKool Smith has expanded its New York-based international white-collar group with two new partners, both from the US Attorney’s Office for the Southern District of New York. Thomas Engel was one of the founding partners of Howrey LLP’s New York office, and later led his own firm, Engel and McCarney. Jack Cooney was previously at [...]
Continue reading...Monday, March 2, 2009
New York’s Debevoise & Plimpton announced that its 2008 gross revenue climbed 7.2%, while profits per partner fell nearly 3%. Revenue grew to $760.8 million, but profits per partner dropped to $2.23 million. The drop-off in profitability followed declines at other New York-based firms, such as Skadden, Arps, Slate, Meagher & Flom; Sullivan & Cromwell; and Davis [...]
Continue reading...Tuesday, February 3, 2009
Robert Colby, the Securities and Exchange Commission’s deputy director of the division of trading & markets, will leave the agency this month after 27 years. He will join the Washington, DC office of New York’s Davis Polk & Wardwell. Colby is credited by the SEC with having led “the development and implementation of investor protection policies, [...]
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Wednesday, November 25, 2009
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