Chicago’s Chapman and Cutler is taking steps to reduce costs, including laying off an undisclosed number of “underperforming” lawyers, and possibly cutting salaries. The firm has canceled its traditional May partners’ retreat and shortened its summer associate program to eight weeks. Chapman has been paying $160,000 to first-year associates, but may reduce the pay to $145,000. It [...]
Continue reading...Monday, January 12, 2009
According to the Department of Labor’s Bureau of Labor Statistics, the legal services industry in the United States shed some 7,000 jobs between December 2007 and December 2008. The numbers include lawyers, paralegals, public relations specialists, secretaries and other positions; and reflect layoffs by firms nationwide over the last few months, and the dissolutions of Am Law 100 firms [...]
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Friday, April 10, 2009
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