Render unto Caesar what is Caesar’s, or so the expression goes. Now Reed Smith is asking much the same of its non equity partners. Non equity partners are being asked to contribute as much as 15% of their base salary to the company or risk losing partnership status. Gregory Jordan, the firm’s [...]
Continue reading...Tuesday, June 30, 2009
Florida’s Ruden McClosky, which laid off two lawyers and 18 staff in May, is cutting associate and non-equity partner compensation by 8%. Equity partners are not likely to receive the holdbacks of 18% of their pay. The firm is struggling, as it relies heavily on real estate transactional work, which has been negatively affected by the global [...]
Continue reading...Sunday, April 19, 2009
Washington DC’s Howrey has laid off 25 secretarial staffers. Cuts came in all offices except Palo Alto and New York. Those affected are getting severance packages, health care assistance and outplacement. In addition, Howrey is demanding that non-equity partners contribute capital; and all partners, equity and non-equity, will be able to contribute voluntary capital, and some have [...]
Continue reading...Tuesday, February 24, 2009
Miami’s Bilzin Sumberg Baena Price & Axelrod has cut some attorney and staff positions. The firm, founded in 1998, declined to say exactly how many positions were cut. Sources say at least two attorney and two secretary positions in the firm’s corporate and real estate areas were cut. The attorney positions included a non-equity partner in the [...]
Continue reading...Monday, January 12, 2009
![Wildman Harrold Lays Off “Approximately” 10 Attorneys [Update]](http://www.jdjournal.com/wp-content/themes/freshnews/thumb.php?src=http://www.jdjournal.com/wp-content/uploads/2009/01/wildman_160x120.jpg&h=75&w=75&zc=1&q=95)
Wildman Harrold Allen & Dixon has confirmed that the Chicago-based law firm has laid off “approximately” 10 attorneys. About half are non-equity partners and the rest are associates. If anyone knows how you can lay off “approximately” 10 attorneys, please comment below. Approximately 1,000, that I get. Approximately 10? You’re not sure if it’s 9, or [...]
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Monday, November 16, 2009
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