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...Saturday, June 27, 2009
The other day, we reported about layoffs at Harvard Law School. We now know that 12 staffers were let go this week. That’s Harvard Law’s share of the 275 employees laid off at the University overall. If you have any details about the layoffs at Harvard Law School, please — send us a confidential tip! Harvard Law School [...]
Continue reading...Friday, April 17, 2009
According to rumors repeated by reliable blawgs, Kirkland & Ellis is laying off an undisclosed number of support staff today. It is said no lawyers will be affected. All laid off employees will be notified by the end of the day today. Severance has not been mentioned. The cuts are said to affect the Chicago, New York [...]
Continue reading...Tuesday, March 31, 2009
Today Reed Smith laid off 26 attorneys and 74 staff across its US and UK offices. Seven of the lawyers are in the US, and the firm has targeted 9 in London for redundancy. All of the affected associates are in the corporate and real estate practices. The laid off employees will get severance and outplacement assistance. Founded in [...]
Continue reading...Wednesday, March 18, 2009
Since October, Manatt, Phelps & Phillips has laid off employees nationwide; 12 attorneys, 3 paralegals, and 32 administrative staff. The firm blamed the economic meltdown. Manatt’s Los Angeles headquarters has been the hardest hit by the layoffs. If you know any additional details about these layoffs, please send us a confidential tip. Founded in 1965, Manatt, Phelps & Phillips [...]
Continue reading...Tuesday, February 17, 2009
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 LexisNexis management team, which includes the leaders of all business and functional units, has had to make some difficult decisions. These decisions include freezing salaries at [...]
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Wednesday, July 1, 2009
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