British law firm Ashurst has more asked partners to leave, according to reports published on Friday. Most of these partners will be leaving by the end of April. Over the past year almost 30 partners have left the firm. Ashurst will also close a liaison office in New Delhi, India. The closing of the New [...]
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
Cadwalader, Wickersham & Taft reported a 28% increase in profits per partner for 2009, marking the first per partner increase for the firm since 2007. However, this increase may be attributed to an almost 21% loss in the number of equity partners in the firm and massive associate layoffs. Cadwalader had 61 equity partners at [...]
Continue reading...Wednesday, December 23, 2009
Making partner at a big New York firm has been a possibility for only the shining stars of the legal profession. In this recession, however, the chances of becoming partner have quickly gone from bad to worse. At many prominent firms, the number of new partners has significantly dropped: four at Cleary Gottlieb [...]
Continue reading...Wednesday, July 8, 2009
Dewey & LeBoeuf has lured away from Cooley Godward Kronish a team of top lawyers, including the head of Cooley’s technology transactions group. Former Cooley management committee member and M&A practice honcho Richard Climan is moving to Dewey’s Palo Alto, California office. He will serve on Dewey’s executive committee, and work to expand its global M&A [...]
Continue reading...Thursday, July 2, 2009
Chicago-based Seyfarth Shaw, which in May laid off 50 people and reduced salaries, has brought on a new team of corporate and technology partners from Alston & Bird. Robert C. Reynolds, Jr. is an outsourcing lawyer who co-founded Alston & Bird’s energy infrastructure team. He received his JD from the Vanderbilt University Law School, where he [...]
Continue reading...Wednesday, April 8, 2009
London Magic Circle firms Clifford Chance and Allen & Overy have delayed their 2009 partner promotions. Clifford Chance will defer this year’s promotions process until the firm completes its restructuring this Summer, which is likely to cut the firm’s partnership up to 15%. Allen & Overy is delaying its partner promotions until at least the beginning of [...]
Continue reading...Monday, April 6, 2009
Six partners from Sonnenschein have joined Morgan Lewis’ health care regulation practice. Joyce Cowan, Kathleen McDermott, John Rah, Albert Shay, and Howard Young are joining Sonnenschein’s Washington office, while Reece Hirsch is joining the firm in San Francisco. Sonnenschein has 18 lawyers in its FDA and health care regulation practice. Philadelphia-based Morgan, Lewis & Bockius LLP is a [...]
Continue reading...Tuesday, March 24, 2009
UK law firm Watson Burton has launched a redundancy consultation targeting 25% of its staff. The firm is in consultation with 75 staff, including partners, fee earners and support staff across its offices in Leeds and London, and its Newcastle upon Tyne HQ. Watson Burton employs a total of 272. Training and recruitment are unaffected, with five trainee [...]
Continue reading...Saturday, March 14, 2009
Dewey & LeBoeuf announced that 66 partners of its 350 partners have seen pay cuts in the last 15 months. Some partners have seen their compensation reduced by as much as 80%. The salary reductions are meant to encourage less productive partners to seek employment elsewhere. The affected partners include some who have been practicing for 25 [...]
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Monday, February 22, 2010
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