Reed Smith had revenue of $942 million in 2009, a four-percent decrease from 2008’s $980 million. But on the brighter side, efforts to reduce expenses resulted in profits per equity partner to rise seven percent to $1 million. Global managing partner Gregory Jordan called 2009 “a very difficult year” for all law firms. “For Reed Smith, this [...]
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
2009 has come and gone but the legal economy continues to struggle, a point made clear by today’s move at Wilson Sonsini. The firm laid off 20 staff and is providing an unspecified amount of separation pay along with some transition support assistance. Wilson Sonsini laid off 113 last year, 68 of them staff. [...]
Continue reading...Friday, January 15, 2010
Seyfarth Shaw is letting go of approximately 40 people, 20 lawyers and 20 staff. It’s been rough over at Seyfarth over the past year and they’ve taken several steps to keep costs down. In December, the firm cut salaries as part of a move toward merit based compensation. In November, it re-deferred [...]
Continue reading...Wednesday, December 16, 2009
Good morning everyone! It’s Wednesday, December 16, and here’s a quick look at yesterday’s news… Sonnenschein lays off some staff and abandons lockstep compensation…. WilmerHale also ditches lockstep…. Nixon Peabody associates get a last minute deferral… and the partnerships at Hogan & Hartson and Lovells have approved the merger plans…
Continue reading...Tuesday, December 15, 2009
There are two unconnected stories coming out of Sonnenschein today. The first is that the firm has made staff cuts 14 days before Christmas. The firm has confirmed the staff layoffs to abovethelaw.com but no details were provided on the number of staff cut. No associates were cut. The firm also laid out the outlines [...]
Continue reading...Monday, December 7, 2009
DLA Piper is laying off 7 attorneys and 10 staff in the Middle East in the wake of the Dubai credit crisis. This marks the third round of layoffs for the firm in the region this year with the last round happening in July. All together the firm has let go of 24 [...]
Continue reading...Monday, November 9, 2009
Day Pitney has laid off 29 staff memebers in its third round of layoffs this year. In may, the firm let go of 20 lawyers and deferred incoming associates and in February it cut 66 staff positions. According to the firm, there won’t be any more layoffs this year and none are anticipated [...]
Continue reading...Wednesday, November 4, 2009
In a firm wide memo sent out today, Dickstein Shapiroannounced that three percent of its associates and ten percent of its staff would be laid off. Affected personnel will be notified later today. The firm did not hide behind performance reviews or make excuses for the layoffs; the memo made it very clear [...]
Continue reading...Thursday, October 22, 2009
WilmerHale laid off 57 staff members across 4 offices today, with the biggest cuts coming in Washington DC and Boston. The company says the decision was made to be able to “respond to a changed business landscape and provide the highest quality legal services in a more cost-effective manner”. So far this year, [...]
Continue reading...
Sponsored by |
Thursday, January 28, 2010
0 Comments