New York City based firm Schulte Roth & Zabel reported a decline in gross revenue and profits in 2009. Gross revenue was $397,000,000, dropping 5.5% since 2008. Profits per equity partner were $2,130,588, dropping 7%. According to partner Alan Waldenberg the firm views 2009 “as an extremely strong year” in light of “what happened in [...]
Continue reading...Tuesday, November 17, 2009
Reports are trickling in, but it looks as though at least 13 associates at Schulte Roth have received pink slips today. We have reports that some of the layoffs at least came from the real estate practice group, but no hard numbers as of yet. We’ll update this as more tips come in. [...]
Continue reading...Monday, October 19, 2009
Five securities litigation lawyers started working at Schulte Roth in Washington today after leaving Mayer Brown. The team is led by Richard Morvillo, who had been the chair of Mayer Brown’s securities enforcement practice group. Peter White and Pat Conti are also joining as partners, while Jeffrey Robertson and William Mann join as [...]
Continue reading...Thursday, October 1, 2009
Schulte Roth ran an abbreviated eight week summer program this year, and back at the end of July announced they were not making any offers yet, but would get around to it eventually. Eventually arrived yesterday. Early reports indicate that approximately two-thirds of this years group received offers, but the firm has not [...]
Continue reading...Wednesday, July 22, 2009
New York City’s Schulte Roth & Zabel, which in April laid off 20 attorneys and deferred 2009 associates to 2010, has informed its current Summer associates that no job offers will be made at this time. Usually, the firm extends job offers for the next year to Summer associates at the end of the program, which [...]
Continue reading...Saturday, April 25, 2009
This week in law firm layoffs: Schulte Roth & Zabelz; 20 lawyers Duval & Stachenfeld: undisclosed lawyers Schnader Harrison: 8 lawyers, undisclosed staff Clifford Chance: 20 staff Kirkland & Ellis: 80 staff Spencer Fane: 8 staff Herbert Smith: 33 lawyers, 51 staff Howrey: 25 staff Total: 61 lawyers, 184 staff Week of April 12th: 67 lawyers, 50 staff, 115 unidentified Week of April 5th: 144 [...]
Continue reading...Friday, April 24, 2009
Late last year, New York City’s Schulte Roth & Zabel laid off 30 lawyers. This week the firm asked 20 attorneys to update their CVs. The layoffs affected the corporate, real estate, and litigation practices. Those asked to leave have been given two months notice, and will get outplacement assistance. The firm has also shortened its 2009 summer [...]
Continue reading...Monday, March 2, 2009
Above the Law reports that late last year, Schulte Roth let go up to 30 associates. We’ve been receiving reports of layoffs at Schulte Roth & Zabel since last summer, but were unable to confirm them until now. These days, it can be difficult to differentiate between “performance-based layoffs” and “economically-motivated layoffs.” Schulte’s spokespeople say all layoffs [...]
Continue reading...Tuesday, February 24, 2009
According to a report released by the San Francisco-based Project for Attorney Retention, which surveyed 100 American law firms, only 23 of those firms had partnership classes consisting of at least 40% women in 2008. Fourteen of the 100 firms did not include any women. The survey included 100 law firms, which were chosen based on prior [...]
Continue reading...Friday, January 23, 2009
Bingham McCutchen saw both revenue and profits rise in 2008, the firm reports. Gross revenue for the Boston-based firm totaled $767 million in 2008, a 3.2% increase over 2007; profits per partner went up 6.4% to $1.42 million. The firm reports a 5.5% increase in revenue per lawyer, to $950,000; and a 6.7% increase in compensation for [...]
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Tuesday, February 9, 2010
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