This week the Bureau of Labor Statistics released the latest employment report. The legal sector lost 1,100 jobs in January, a slight decrease from previous months. 2,100 jobs were lost in December, 2,900 jobs were lost in November and 5,800 jobs were lost in October. Between January 2009 and January 2010 the legal services industry [...]
Continue reading...Thursday, February 4, 2010
Correction: When this story first ran we incorrectly identified details that were part of another firm’s deferral plan with Mintz Levin. We apologize for the error. Mintz Levin had deferred incoming associates until 2012. According to Gina Addis, the firm’s Director of Public Relations, associates were not given a firm start date when offers were extended [...]
Continue reading...Wednesday, February 3, 2010
Cravath, Swaine & Moore informed incoming associates that some of them can begin their employment with the firm this fall, one year sooner than originally planned. Hiring partner Rowan Wilson said in an email, “those who have not yet committed to something else for 2010-11, if they are interested in starting at Cravath in2010, we [...]
Continue reading...Tuesday, December 15, 2009
Forget for a moment that Christmas is right around the corner, and that Hanukkah has already begun. Nixon Peabody’s associates were supposed to start on January 4th, three weeks from now. Yesterday, 2/3rds of them found out that they have been re-deferred, indefinitely. Yes, the economy is struggling and it’s rough all over. [...]
Continue reading...Wednesday, November 25, 2009
Davis Polk has announced its year end bonus schedule and, surprise!, it looks all too familiar. Yup, it matches the bonuses put out by Cravath, which match the bonuses of every biglaw firm to announce bonuses in the days after Cravath set the bar. New associates are receiving $7500, with seniors making $30,000 [...]
Continue reading...Friday, November 20, 2009
Was everyone waiting to see what Skadden would do? Now that Skadden has fallen in line, it looks as though everyone else Is going to play ball too. Today, Willkie Farr and Simpson Thatcher & Bartlett both announced their bonus schedules and they’re a match for Cravath. New associates will get $7500 [...]
Continue reading...Thursday, September 24, 2009
On Monday we reported that Alston Bird was deferring its deferrals again, indefinitely. Arent Fox has taken a different approach. Rather than indefinitely extend deferrals, the firm has chosen to revoke the offers of several new associates. Those whose offers have been revoked have been paid $20,000 in compensation. Arent Fox is a [...]
Continue reading...Thursday, September 3, 2009
In 1933 the Federal Government began paying farmers to not grow crops, in the hopes that reducing the supply would stabilize prices and help spur recovery from the Great Depression. Today, Bryan Cave becomes the third law firm to pay lawyers not to work. Certainly the goals of the Federal Government differ from [...]
Continue reading...Monday, August 31, 2009
Good morning! Now that the weekend is behind us, here’s a quick look at Friday’s stories. New associates at Sidley’s Washington DC office are being offered the chance to start early… Four more partners have left cooley for other firms… Fish and Richardson is reported to be closing up shop in Austin… Winston & Strawn is laying off [...]
Continue reading...Friday, August 28, 2009
New associates at Sidley Austin are being deferred starting early this year in the Washington DC office. New associates are being given the option to begin after Labor Day to fulfill needs in certain practice groups. Associates in other offices have been offered voluntary deferrals and will begin working mid November. Sidley Austin is [...]
Continue reading...
Sponsored by |
Friday, February 5, 2010
0 Comments