Good morning everyone! Today is Friday, February 5, and here’s a quick look back at yesterday’s headlines. Tycko & Zavareei filed a class action suit against Fifth Third Bank… Pillsbury gave raises (sort of) and bonuses… Gardere Wynne added four attorneys to their roster… Morrison & Foerster hired Joe Calve as their Chief Marketing Officer… Danna McKitrick attorney Ruth Binger [...]
Continue reading...Friday, January 15, 2010
Seyfarth Shaw is letting go of approximately 40 people, 20 lawyers and 20 staff. It’s been rough over at Seyfarth over the past year and they’ve taken several steps to keep costs down. In December, the firm cut salaries as part of a move toward merit based compensation. In November, it re-deferred [...]
Continue reading...Tuesday, December 15, 2009
Forget for a moment that Christmas is right around the corner, and that Hanukkah has already begun. Nixon Peabody’s associates were supposed to start on January 4th, three weeks from now. Yesterday, 2/3rds of them found out that they have been re-deferred, indefinitely. Yes, the economy is struggling and it’s rough all over. [...]
Continue reading...Tuesday, December 8, 2009
McDermott Will & Emery associates were supposed to start work in January, but many are now being deferred again. Details are still sketchy, and it appears that no firm dates have been given yet. Associates will be brought in when their respective practice groups need them. In the meantime, they will draw [...]
Continue reading...Tuesday, December 8, 2009
Good morning everyone! It’s Tuesday, December 8, and here’s a look back at yesterday’s headlines… Kirkland & Ellis is under new management… A transgender teen is suing McDonald’s… There’s a new round of layoffs at DLA Piper’s middle east offices… and Mayer Brown has asked some of its incoming associates to voluntarily defer their start dates…
Continue reading...Monday, December 7, 2009
The incoming class of associates at Mayer Brown is scheduled to begin work in January after being deferred back in April. Later that same month the firm offered voluntary extension to October of 2010 with a $5000 per month stipend plus benefits, along with assistance securing public service experience in the meantime. Now [...]
Continue reading...Monday, November 30, 2009
In April, Chadbourne & Parke cut associate salaries and promised that some or all of the money would be returned based on each associates contribution to the firm. Now it appears that all of the money cut from salaries will be restored in a lump sum payment in early 2010. On the one [...]
Continue reading...Friday, November 20, 2009
Seyfarth Shaw has told half of its deferred associates that they will not be starting in January as planned. Instead, they are being redeferred to October 2010, and will receive a stipend of $2000 dollars per month starting in January. If that wasn’t enough bad news, Seyfarth is also cutting the salaries of [...]
Continue reading...Tuesday, November 10, 2009
Katten has split its deferred class of incoming associates into three groups. The lucky group will start in February, as re-scheduled. The second group is being pushed back to October of next year, a full 16 months after they graduated from law school, and the third group gets $50k and the door. Katten Muchin [...]
Continue reading...Tuesday, November 3, 2009
Winston & Strawn’s class of 2009 associates were deferred back in April, and were scheduled to begin mid January of 2010. Now the firm has pushed those start dates back again. The class is being divided into three groups starting at different times. The lucky ones will begin in February, and the [...]
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Friday, February 5, 2010
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