Good morning everyone! Today is Thursday, March 11, and here’s a quick look back at yesterday’s news… The Robert Half Legal Hiring Index reports that employment prospects are improving for the legal industry in the second quarter… Arnold & Porter adds three from Arent Fox… The National Jurist reports that the number of law school faculty has increased [...]
Continue reading...Friday, February 26, 2010
DLA Piper reports that gross revenue declined by almost 14% in 2009 to just over a billion dollars. Revenue per lawyer and profits per partner decreased only 5%, due to reductions in the firm’s head count. The headcount fell by 89 associates (11.6%), 24 equity partners (10.1%), and 16 non-equity partners (4.3%), for a total [...]
Continue reading...Friday, February 12, 2010
Winston & Strawn froze salaries last year and now it appears that the freeze is still on. Associates received emails today regarding their compensation and across the board, they are still the same as they were two years ago. Third year associates are still making $160k. This might seem like a way to increase business at [...]
Continue reading...Thursday, February 11, 2010
Morgan Lewis reported sharp drops in revenue and per partner profits for the 2009 fiscal year. Revenues fell by 5%, from $1.12 to $1.07 billion and per partner profits fell by 15%. Although 2007 was a rough year for most firms, the numbers for Morgan Lewis may look worse than they actually are. The firm ends [...]
Continue reading...Wednesday, February 10, 2010
Last week 8 lawyers at Ruden McCloskey, including some prominent partners, left the firm for Adams and Reese. The firm is down to 123 lawyers from 175 at the beginning of 2009 and has fallen out of the National Law Journal’s annual ranking of the nation’s 250 law firms. The firm laid off 35 staffers [...]
Continue reading...Tuesday, February 9, 2010
The lateral market for 2010 is expected to be brisk and we’ve already seen some big moves in the first month and a half of the year. This is following a record high for lateral moves in 2009, although some of that can be attributed to mergers or failing firms. Big moves so far this year [...]
Continue reading...Wednesday, January 13, 2010
Employment boutique Jackson Lewis has opened a new office in Baltimore, with the help of four laterals from DLA Piper. The four partners are Richard Hafets, Larry Seegull, Brook Amiont and Emmett McGee. This is the 45th US office of Jackson Lewis, and gives the firm an office in 30 different states. It has [...]
Continue reading...Wednesday, January 13, 2010
Good morning everyone! Today is Wednesday, January 13, and here’s a look back at yesterday’s headlines… Morgan Lewis picked up a new senior counsel from the US Nuclear Regulatory Commission… Scott Pierpont moved from Mayer Brown to Jones Day…. Carter Ledyard picked up one from Dorsey & Whitney… The SEC has filed a second suit against Bank of [...]
Continue reading...Friday, January 8, 2010
Cohen Seglias more than doubled its Pittsburgh office, adding fiveattorneys who lateraled from three different firms. Jim O’Connor, who has been named the managing partner of the Pittsburgh office, and two others moved from Leech Tishman. O’Connor was joined by partner Patrick Sorek and associate Douglas Hart. Also moving to Cohen Seglias [...]
Continue reading...Monday, December 14, 2009
Eight lawyers are moving from Day Pitney to Loeb & Loeb, four of whom will help their new firm get off the ground in Washington, DC. The new office will focus on energy regulation to begin with but the firm plans to grow the office and do work in securities regulation and intellectual property [...]
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Thursday, March 11, 2010
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