Holland & Knight informed 3Ls today that 2009 start dates are being delayed. Recruiting partner Adolfo E. Jimenez: The start date for our incoming entry-level associates will be January 11, 2010, instead of early or late fall. The firm will pay the incoming class members signing bonuses, study stipends, bar expenses and/or moving expenses as indicated in [...]
Continue reading...Monday, March 9, 2009
White & Case announced today it will lay off 200 associates and 200 staffers. From the official announcement: Following a thorough, strategic review of its business, White & Case LLP announced today a number of measures that will allow the Firm to respond to changing demand in the market for legal services. These actions include an evaluation of [...]
Continue reading...Thursday, March 5, 2009
O’Melveny & Myers, which yesterday laid off 90 attorneys and 110 staff positions, is delaying the start date for its new associate class. The new start date is December 2009. Typically, the firm’s new associates start between September and November. We will be providing our incoming associates with a bar stipend, as well as bar and moving-related [...]
Continue reading...Saturday, February 28, 2009
Hogan & Hartson’s revenue and profits fell flat in 2008, after a record year in 2007. The firm’s gross revenue rose 4.8% to $922.5 million, but the firm’s revenue per lawyer fell 2% to $833,000. Hogan’s profits per partner fell 1.69% to $1.17 million. In 2007, the firm reported gross revenues of $880 million and profits per [...]
Continue reading...Saturday, February 28, 2009
Baker & McKenzie has become the latest law firm to ask its incoming trainees to postpone their start date by up to a year. The firm’s London arm has asked for volunteers from its 2009 and 2010 intakes to defer starting their training contracts by either six or 12 months. Those willing to defer for 12 months [...]
Continue reading...Monday, February 23, 2009
Cleveland’s Thompson Hine will impose an across-the-board $17,500 base salary reduction on associates and other non-partner lawyers. Those lawyers will be able to earn back some or all of that sum as a bonus, if they bill at least 1,750 hours this year. The firm also announced layoffs last week, eliminating the jobs of 12 associates, five [...]
Continue reading...Wednesday, February 18, 2009
Freshfields Bruckhaus Deringer is asking some of its trainees to push back their start dates with the firm. A number of trainees set to join the firm in August 2010 are being asked to defer the start date of their training contract to February 2011. Freshfields has 64 trainees due to start in August next year and [...]
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Wednesday, March 18, 2009
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