British blawgs are reporting that Linklaters wants to avoid legal action from a former employee let go during a massive redundancy consultation that targeted 400. The firm confirmed that it is in talks with the ex-staffer, but would not elaborate on details. A global restructuring initiative called “Linklaters New World” saw the layoffs of about 200 lawyers [...]
Continue reading...Thursday, August 6, 2009
Recent laterals and layoffs in the legal sector: John Brownlee joins Holland & Knight as partner in the firm’s McLean, Virginia and Washington DC offices. He was US Attorney in the Western District of Virginia from 2001 to 2008. He joins the firm’s enforcement defense and government contracts practices. He received his JD from the College [...]
Continue reading...Monday, July 6, 2009
Good morning! Here are the top stories: This week in law firm layoffs: 49 lawyers, 11 staff, 175 undisclosed… A JDJournal tipster tells us that Mishcon de Reya has begun a round of redundancies, targeting 10 to 12 staffers… Winstead which has let go 20 employees, according to the Dallas Morning News… Linklaters is now the UK’s largest law [...]
Continue reading...Friday, July 3, 2009
Linklaters, which announced in April salary cuts for starting lawyers and reduced salary increases, is now the UK’s largest firm by revenue, reporting income of £1.3 billion ($2.13 billion). But profit per equity partner fell 9.6% to £1.3 million ($2.12 million). Europe and the Middle East produced 83% of Linklaters’ revenue; Asia produced 11%; and the Americas [...]
Continue reading...Monday, June 29, 2009
Recent laterals and layoffs in the legal sector: Linklaters has hired Robin Maxwell away from Goodwin Procter for its New York financial regulation group. She specializes in banking regulation and mergers & acquisitions. Thorp Reed & Armstrong has brought on Richard H. Taylor as Senior Counsel in the firm’s Commercial & Corporate Litigation Practice Group. For now [...]
Continue reading...Thursday, April 30, 2009
Linklaters is cutting pay for starting lawyers, and shrinking salary increases. The firm will pay new lawyers £61,500 ($91,300), down from £66,600 pounds in 2008. Associates will get salary increases of two to four percent based on seniority, down from six to 10%. Linklaters is freezing pay for non-lawyer staffers. Lawyers and staff may qualify for merit-based bonuses, [...]
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 Díez-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...Monday, April 13, 2009
London’s Linklaters has pushed back its trainee start dates for September 2009 and March 2010, offering future trainees £10,000 to go away for one year. The firm will select 15 incoming associates for the deferral program. Associates due to start in September 2009 who take a 12 month deferral will get the 10 grand. Associates due to [...]
Continue reading...Wednesday, March 11, 2009
An internal document leaked to the press reveals that DLA Piper lawyers in the UK are angry over the severance package being offered to redundant attorneys. The firm launched its second UK redundancy consultation in February, with up to 80 lawyers and more than 100 support staff targeted. Employee representatives believe the severance package is less that [...]
Continue reading...Tuesday, March 10, 2009
Despite the fact that February 12th is still known as Black Thursday and generally considered the worst day for law firm layoffs since the economic meltdown began, the truth is it’s only the third worst day to date. Yesterday, March 9th, had the largest number of single day layoffs: White & Case announced 400 layoffs (although [...]
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Monday, August 10, 2009
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