Correction: When this story first ran we incorrectly identified details that were part of another firm’s deferral plan with Mintz Levin. We apologize for the error. Mintz Levin had deferred incoming associates until 2012. According to Gina Addis, the firm’s Director of Public Relations, associates were not given a firm start date when offers [...]
Continue reading...Wednesday, February 3, 2010
Cravath, Swaine & Moore informed incoming associates that some of them can begin their employment with the firm this fall, one year sooner than originally planned. Hiring partner Rowan Wilson said in an email, “those who have not yet committed to something else for 2010-11, if they are interested in starting at Cravath in2010, we [...]
Continue reading...Tuesday, February 2, 2010
St. Louis based firm Bryan Cave reported an increase in revenue from $502,509,000 in 2008 to $554,817,000 in 2009 (10.41%). The increase is partly explained by the firm’s growth from 861 lawyers in 2008 to about 996 in 2009. The growth pushed revenue per lawyer down 4.49%, from $583,363 in 2008 to $557,257 in 2009. [...]
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...Monday, November 9, 2009
Day Pitney has laid off 29 staff memebers in its third round of layoffs this year. In may, the firm let go of 20 lawyers and deferred incoming associates and in February it cut 66 staff positions. According to the firm, there won’t be any more layoffs this year and none are anticipated [...]
Continue reading...Friday, October 30, 2009
Drinker Biddle managed to avoid deferring its incoming associates this year by cutting salaries, as we reported back in May. Apparently that wasn’t enough, as sources are reporting more than twenty associates were laid off yesterday. So far, it appears litigators are safe, with most cuts coming from tax and corporate practice groups. [...]
Continue reading...Thursday, October 29, 2009
Incoming associates at Kaye Scholer will all start in January, right on (deferred) schedule. The only thing is, half of them will be paid $100,000 less per year than their colleagues. The class was divided based partially on practice group preference and to a certain extent, arbitrarily. Instead of extending the deferrals for half the [...]
Continue reading...Wednesday, October 21, 2009
Earlier this month tipsters alerted us to layoffs at Foley & Lardner, which the firm later confirmed. Like many firms, Foley & Lardner deferred its incoming associate class, but now it appears that some of those associates are being deferred again. Incoming IP associates have been pushed back to September of next year, [...]
Continue reading...Friday, October 9, 2009
Earlier this week we told you that Fenwick & West paid several of its incoming associates to find work elsewhere. Today we have the numbers for this year’s crop of summer associates and like many other firms, the numbers aren’t pretty. The firm made offers to 17 of its 36 summer associates. [...]
Continue reading...Wednesday, October 7, 2009
We’ve reported on a few firms that have paid incoming associates a stipend to, essentially, go away. In each of the previous cases, the offer has been to the entire incoming class. Fenwick & West was slated to have 24 new associates start, once their deferrals expired, and has offered some of them [...]
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Thursday, February 4, 2010
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