Good morning everyone! Today is Monday, February 15, and as the 3rd Monday in February it is also Presidents Day. For those of you not fortunate enough to have a three day weekend, let’s take a look at Friday’s news… Tipsters tell us that Hawkins & Parnell is opening in Austin… Colson Hicks is opening in Washingtonwith the help of [...]
Continue reading...Thursday, January 28, 2010
Reed Smith had revenue of $942 million in 2009, a four-percent decrease from 2008’s $980 million. But on the brighter side, efforts to reduce expenses resulted in profits per equity partner to rise seven percent to $1 million. Global managing partner Gregory Jordan called 2009 “a very difficult year” for all law firms. “For Reed Smith, this [...]
Continue reading...Wednesday, January 27, 2010
Tipsters report that an unconfirmed number of staff have been shown the door at Texas powerhouse Brown McCarroll and that some partners may be on their way out as well. Information is still sketchy as of now, and we’ll update this post as more information becomes available. If you have any specific information [...]
Continue reading...Wednesday, January 20, 2010
2009 has come and gone but the legal economy continues to struggle, a point made clear by today’s move at Wilson Sonsini. The firm laid off 20 staff and is providing an unspecified amount of separation pay along with some transition support assistance. Wilson Sonsini laid off 113 last year, 68 of them staff. [...]
Continue reading...Friday, January 15, 2010
Seyfarth Shaw is letting go of approximately 40 people, 20 lawyers and 20 staff. It’s been rough over at Seyfarth over the past year and they’ve taken several steps to keep costs down. In December, the firm cut salaries as part of a move toward merit based compensation. In November, it re-deferred [...]
Continue reading...Tuesday, January 12, 2010
A total of eleven District Attorneys were laid off last year in San Joaquin, California, with seven of those happening last month. The department, like most California state and local government offices, is facing steep budget cuts. The DA’s that were cut mainly handled misdemeanor prosecutions, including DUI’s and some domestic abuse cases. [...]
Continue reading...Monday, January 11, 2010
According to the latest report from the Bureau of Labor Statistics, the legal sector dropped another 2100 jobs in December, while the job market as a whole lost 85,000 jobs. In November, the National Law Journal reported that so far 5,259 attorney positions had been cut by the top 250 law firms, with Latham & Watkins [...]
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...Tuesday, December 15, 2009
There are two unconnected stories coming out of Sonnenschein today. The first is that the firm has made staff cuts 14 days before Christmas. The firm has confirmed the staff layoffs to abovethelaw.com but no details were provided on the number of staff cut. No associates were cut. The firm also laid out the outlines [...]
Continue reading...Tuesday, December 8, 2009
Good morning everyone! It’s Tuesday, December 8, and here’s a look back at yesterday’s headlines… Kirkland & Ellis is under new management… A transgender teen is suing McDonald’s… There’s a new round of layoffs at DLA Piper’s middle east offices… and Mayer Brown has asked some of its incoming associates to voluntarily defer their start dates…
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Monday, February 15, 2010
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