Addleshaw Goddard, which laid off 19 partners in February and 85 staff in May, has approved new measures to save money on compensation. Some attorneys will work a four-day week…
Weil Gotshal, which in May laid off 79 staff and in June announced the closure of its Austin, Texas office, is cutting the salaries of new associates at its London…
Corrs has delayed the start dates for its 2009 recruits, paying stipends of US$1,740 each. In March, the firm implemented a firm-wide salary freeze. There may be individual exceptions, and…
New York’s Skadden has announced it will not raise salaries for counsel in 2009. Associates will not be affected. The firm still intends to offer discretionary, merit-based bonuses. Skadden is…
Baker & McKenzie’s London office has launched a redundancy consultation targeting up to 30 lawyers and 55 staffers. The review begins at the end of the month. Trainees will not…
Connecticut’s Pepe & Hazard is laying off five attorneys and seven staff members. The 61-attorney firm says the move “is the direct result of the current economic downturn that is…
Morrison & Foerster has frozen associate salaries, and revised its associate discretionary bonuses to as low as $6,000 for 2008. All 2008 bonuses will be paid on February 27th, but…
Legal document archive firm LexisNexis has announced it is freezing salaries at 2008 levels. In order to address what is shaping up to be a more challenging 2009, the senior…
Above the Law reports that K&L Gates held a meeting Friday to discuss, amongst other things, salary freezes. Earlier today, associates at K&L Gates attended a town hall meeting with…
Bryan Cave LLP is laying off 58 attorneys and 76 staff today. It is the second national law firm to report layoffs Thursday. DLA Piper also is letting go 180…
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