JD Journal » Schulte Roth

Layoffs at Schulte Roth

joshua — Tue, 17 Nov 2009 19:19:43 +0000

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. If you have any additional information to share, send us an anoymous tip here.

Schulte Roth & Zabel is one of the top 100 largest law firms by revenue. The firm was founded in New York City in 1969 and launched in London in 2002. The firm also has an office in Washington, DC. Schulte employs nearly 450 attorneys in its three offices.

Tuesday Roundup

joshua — Tue, 20 Oct 2009 15:45:41 +0000

Good morning everyone! Here’s a quick look back at yesterday’s stories…

Morrison & Foerster lowers salaries for California associates…

Schulte Roth nabs five securities lawyers from Mayer Brown…

Six lawyers jump from Anderson Kill to Offit Kurman…

The DoJ has an Office of Vaccine Litigation? Yes, and it is hiring…

Skadden Arps picks up former FCC Chairman Reed Hundt…

Schulte Roth Picks up 5 from Mayer Brown

joshua — Mon, 19 Oct 2009 23:32:54 +0000

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 of counsel.

Washington DC is Schulte Roth’s first domestic expansion (the firm also opened an office in London in 2002). It was founded in New York in 1969 and there are over 450 attorneys working out of the three offices.

Morning Roundup

joshua — Fri, 02 Oct 2009 16:06:54 +0000

Good morning one and all. Here’s a quick look back at yesterday’s news…

Schulte Roth has sent out offers to its summer associates…

McDermott Will & Emery picks up two well known faces…

The American Lawyer put out this years Global 100…

and Carlton Fields picks up four new lawyers…

Schulte Roth Offers for Summer Associates

joshua — Thu, 01 Oct 2009 21:29:19 +0000

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 confirmed that number. The firm has already announced that next year the summer program will be 11 weeks and that they anticipate having enough offers for every summer associate.

Schulte Roth Laid Off Up to 30 Associates

Erik Even — Mon, 02 Mar 2009 17:07:21 +0000

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 in 2008 were performance-based. They deny any recent layoffs in their office, saying that any departures in 2009 have been voluntary. Between 20 to 30 associates left in the fall; “approximately” 20 of them were let go for performance-based reasons after their reviews in November. The others were supposedly voluntary departures…

One of those laid-off from Schulte informs us there was no severance package, though associates were given 2-3 months notice at Thanksgiving, asked to leave at the end of January or the end of February…

…they did not get bonuses or pay raises.

Via ATL.

Layoffs at Schulte?

admin — Thu, 04 Dec 2008 22:17:49 +0000

Will we be seeing Schulte Roth listed on The Layoff List soon? We have been hearing whispers of layoffs occurring at Schulte this week.

Layoffs at Schulte would not come as a surprise. Schulte over-weighted themselves in the corporate/hedge fund practice areas. Unfortunately, as sources of financing have dried up, getting deals done has become a tremendous challenge. We’ve heard that Schulte’s corporate practices have completely dried up.

Any associates out there care to verify these reports?