Yet another firm has matched the Cravat bonus schedule. This time it’s Milbank Tweed. I’m digging and digging, looking for a new angle or a different way to say this, but really – it’s the same story. First year associates will receive $7500, seniors will get $30k, and everyone else falls somewhere [...]
Continue reading...Thursday, October 15, 2009
Last Friday we reported on tips we had received indicating that Foley & Lardner was laying off as many as 39 lawyers. The firm has now confirmed that number, saying 39 lawyers across its 21 offices. The layoffs were blamed on the falling demand for legal services. Foley & Lardner LLP is an international [...]
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...Tuesday, May 12, 2009
According to the Hildebrandt International Peer Monitor Index, demand for legal services dropped by more than 8% compared to Q1 2008, dropping sharply in January and February but flattening in March. In New York demand for legal work fell 9.5%; and in Washington DC and London, law work fell over 12%. Normally, law firm billing rates grow [...]
Continue reading...Wednesday, April 15, 2009
Boston’s Goodwin Procter is deferring start dates for 60 members of its 125-person incoming associate class. Half will be pushed back to January 2010, the rest to October 2010. At this time, the deferrals are voluntary. Under what the firm is calling its “Make a Difference” program, the firm will help associates find year-long positions with non-profits, [...]
Continue reading...Saturday, April 11, 2009
One of the world’s leading international offshore law firms, Harney Westwood & Riegels, has laid off two lawyers and six staffers. Another employee’s contract was not renewed. The decision was blamed on the global economic meltdown. Founded in 1960, Harney Westwood & Riegels provides the world’s top law firms, financial institutions and corporations with legal services relating [...]
Continue reading...Tuesday, April 7, 2009
Philadelphia’s Duane Morris has hired 24 lawyers, including 12 partners, from dissolving Wolf Block. Wolf Block’s partners voted to dissolve the 106-year-old law firm on March 23rd. So far, more than half of Wolf Block’s 290 lawyers have found new firms. Wolf Block Chairman Mark Alderman has yet to join with a new firm. Most of the [...]
Continue reading...Monday, February 2, 2009
Osbourne Clarke has agreed to a £50m, which will transfer 75 support staff to outsourcing company Integreon. As part of the seven year deal, Chris Bull, a former chief operating officer with Clarke, will join the US headquartered legal process outsourcing company as the European chief operating officer. Simon Beswick, a managing partner with the firm, claims [...]
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Monday, November 30, 2009
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