In a report released on Thursday, profits per equity partner at firm Sonnenschein Nath & Rosenthal dropped 3% in 2009. Gross revenue remained flat. Profits per partner fell from $804,000 in 2008 to $780,000 last year. Gross revenue fell from $473 million in 2008 to $472.5 million in 2009. Despite this, Sonnenschein chair Elliott Portnoy [...]
Continue reading...Wednesday, January 20, 2010
Cadwalader, Wickersham & Taft reported a 28% increase in profits per partner for 2009, marking the first per partner increase for the firm since 2007. However, this increase may be attributed to an almost 21% loss in the number of equity partners in the firm and massive associate layoffs. Cadwalader had 61 equity partners at [...]
Continue reading...Tuesday, January 19, 2010
On Tuesday K&L Gates became the first Pittsburgh based firm to enter Russia and Japan as it opened offices in Moscow and Tokyo. The firm is continuing to expand agressively after opening three new offices last year and hitting the $1 billion mark in revenues. The Tokyo office will focus on corporate and international finance, [...]
Continue reading...Tuesday, January 19, 2010
William E Wallace has joined Clifford Chance as a partner in the US Litigation & Dispute Resolution practice. Wallace joins Clifford Chance from Milbank Tweed Hadley McCloy LLP, where he was a senior partner. Wallace will lead the US Corporate and Financial Services Litigation group in Washington, D.C. Wallace’s practice focuses on commercial disputes, insolvency [...]
Continue reading...Monday, January 11, 2010
After major layoffs in 2009, Latham and Watkins are reportedly expanding their operation to Houston. Bloomberg is reporting that lawyers recruited from Akin Gump and Baker Botts will head Latham’s new Houston outfit. Coming from Akin Gump is Michael Dillard, who headed Akin’s energy and global transactions practice, and Sean Wheeler, who focused on representing investors [...]
Continue reading...Thursday, November 5, 2009
Gonzalez Saggio & Harlan LLP revealed today that they will be opening an office in Nashville, bringing in Nashville attorneys Natasha L. Blackshear and Dennis Nunez. This will become the 13th office nationwide for the firm, which is well known for being one of the country’s largest minority-owned law firms. “I am pleased to join [...]
Continue reading...Sunday, October 4, 2009
Half a dozen incoming associates to the Katten Muchin Rosenman law firm have reason to celebrate. On Friday, the law firm sent out a statement rescinding their March decision to hold off starting dates for six of their incoming associates. Initially, the associates were to start on February 1, 2010. However, due to what the [...]
Continue reading...Thursday, September 24, 2009
Prominent New York based firm Skadden Arps sent out offers to potential candidates for their 2010 summer program. The firm, which boasts over 2,000 lawyers, announced in August that there would be massive cuts to their summer hiring. They hired 225 students for this summer’s program and they plan to hire less than half of [...]
Continue reading...Thursday, April 16, 2009
Trowers & Hamlins, which has laid off at least 11 lawyers in recent months, has now cut 17 lawyers and support staff in London. Last month Trowers promoted seven new partners, increasing the firm’s global partnership to 117. Trowers has three offices in the UK and five in the Middle East. Trowers & Hamlins is a mid-sized UK [...]
Continue reading...Friday, April 10, 2009
Happy Friday. I hope you’ve made it through the week without getting laid off. San Francisco IP firm Townsend and Townsend and Crew has laid off 16 attorneys, 45 staff, and two ampersands… Nine lawyers from Chicago’s Vedder Price are vedder, vedder upset to have been laid off… DLA Piper has placed 20% of its remaining Dubai-based lawyers [...]
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Friday, January 22, 2010
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