San Francisco’s Orrick, which laid off 300 employees in March, is abandoning lock-step compensation for associates. Under a lock-step scheme, associate salaries are determined entirely by how long the associate has been with the firm. Orrick’s new compensation model places associates on the partner track into one of three levels: Associate, Managing Associate, and Senior Associate. Compensation [...]
Continue reading...Monday, May 18, 2009
Akerman Senterfitt has announced a new partnership with the Florida Agricultural & Mechanical University Law School, one of Florida’s oldest historically black universities, to promote diversity in the legal profession. The project is led by Joseph W. Hatchett, former Chief Judge, United States Court of Appeals for the Eleventh Circuit, and current Chair of the Appellate [...]
Continue reading...Monday, May 11, 2009
Drinker Biddle will allow its 36 incoming associates to start on time in September; but their salaries will be reduced, and they will enter a training program rather than jumping right in. From a memo so long, we wondered if he catches the whale at the end: Many of our lawyers have asked us whether we intend [...]
Continue reading...Wednesday, March 4, 2009
Clifford Chance has announced further cuts to its London office, with the Magic Circle firm set to make up to 115 business support staff redundant. The firm started reviewing its 1,200 strong London business support staff earlier this year, with details emerging today that between 105 and 115 positions will be cut. The job cuts, which come [...]
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Wednesday, July 1, 2009
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