Steve Epstein has joined Fried, Frank, Harris, Shriver & Jacobson LLP as a partner in the mergers and acquisitions practice group resident in New York, the firm announced today. “We are delighted to welcome Steve to the Firm. He joins our highly respected M&A team known for high-profile mergers, acquisitions and private equity transactions both [...]
Continue reading...Monday, February 8, 2010
Good morning everyone! Today is Monday, February 8, and it’s time to look back at Friday’s news… Clyde & Co opened its third US office in New Jersey… January was another bad month for the legal sector, with another 1,100 jobs lost… Bernstein Liebhard abandoned its endeavor for Florida state pension work after admitting to inaccuracies in its [...]
Continue reading...Thursday, December 10, 2009
Two more firms have announced bonus schedules. Fried Frank’s bonuses for New York associates look and feel a lot like the Sullivan & Cromwell bonuses, which were of course a very slight modification to the Cravat scale most firms have been using. Boies Schiller & Flexner, however, is paying bonuses well above the [...]
Continue reading...Monday, November 30, 2009
In a year that has been notable for salary cuts, layoffs, associate deferrals and smaller bonuses, it should come as no surprise that promotions to partner are also down across the board. Profits are down, and firms are reluctant to increase the number of slices of the shrinking pie. Although not every firm [...]
Continue reading...Saturday, April 4, 2009
This week in law firm layoffs: DLA Piper: 8 lawyers Alston & Bird: 14 lawyers, 38 staff Lovells: 18 lawyers, 61 staff Honigman: 15 lawyers, 30 staff Hogan & Hartson: 93 staff Mayer Brown: 45 lawyers, 90 staff Locke Lord: undisclosed lawyers & staff Allen Matkins: 6 lawyers, 4 staff Robinson & Cole: 11 lawyers, 19 staff Reed Smith: 26 lawyers, 74 staff Stroock: undisclosed lawyers [...]
Continue reading...Monday, March 30, 2009
Fried Frank laid off 99 employees, lawyers and staff, today. Effective today, we are implementing changes that will result in an overall reduction of 41 associates and 58 administrative staff from our U.S. workforce. This decision is one we worked very hard to avoid. But we must respond responsibly to the current environment… The start date of [...]
Continue reading...Wednesday, March 18, 2009
New York’s Fried Frank saw gross revenue fall more than 9% in 2008 to $488 million. Profits per equity partner fell double digits, 23% to $1.23 million. Revenue per lawyer fell 12%, to $858,000. Fried, Frank, Harris, Shriver & Jacobson LLP is an international law firm with offices in New York City, Washington DC, London, Paris, Frankfurt, [...]
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Monday, February 22, 2010
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