According to stories in the blawgosphere, Covington & Burling is in the process of laying off an undisclosed number of staff attorneys. Those affected have been offered one or two weeks of severance depending on length of service, in exchange for a promise not to sue the firm over the circumstances of their termination. The firm says [...]
Continue reading...Thursday, April 30, 2009
New York’s Skadden has announced it will not raise salaries for counsel in 2009. Associates will not be affected. The firm still intends to offer discretionary, merit-based bonuses. Skadden is offering all its associates, about 1,300 worldwide, the option of taking one-third of their base pay not to work for a year. The firm in March laid off [...]
Continue reading...Tuesday, April 28, 2009
Herbert Smith will launch a new office in Madrid, Spain with a group from Linklaters. Alvaro Sáinz, Miguel Riaño and Ignacio Paz were partners at Linklaters. Ignacio DÃez-Picazo was a senior consultant, and joins Herbert Smith as a partner. Current Herbert Smith finance partner David Wyles will join the group in Madrid. This month Herbert Smith announced a [...]
Continue reading...Thursday, April 2, 2009
Today Hogan & Hartson informed 93 US support staffers they don’t have to come back next week. From the memo: …we reluctantly have concluded that two steps are required at this time: (1) a layoff of 93 non-legal staff members in our U.S. offices; and (2) temporary implementation of our established 1,800 hour associate compensation track in [...]
Continue reading...
Sponsored by |
Thursday, May 28, 2009
1 Comment