Chicago’s Schiff Hardin has announced it is taking steps to cut costs, in the hope of avoiding further layoffs. From the memo, signed by managing partner Ronald S. Safer: I know you have read with interest, and undoubtedly some trepidation, the news of law firms slashing personnel, lawyers and staff alike. We have no intention of following that [...]
Continue reading...Friday, February 27, 2009
Chicago’s Schiff Hardin cut some of its administrative staff this week, as a result of “increased technological efficiencies.” Schiff Hardin dismissed 11 “unassigned floating secretaries” who were no longer needed at the firm, because there was not work for them to do as a result of “technological advancements,” said spokesperson David Milberg. The firm, with 432 non-lawyer [...]
Continue reading...Friday, February 13, 2009
Chicago’s Sidley Austin saw revenue grow by 7% in 2008, while profits increased 4%. The firm brought in $1.489 billion in revenue, up from $1.386 billion in 2007. Profits per equity partner reached $1.43 million. The firm’s overall head count grew from 1,651 to 1,702, with revenue per lawyer also growing from $840,000 to $875,000. Equity partners [...]
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Wednesday, April 8, 2009
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