Readers of our page have seen numerous posts on the effect the recession has had on the court system around the country. Cutbacks, furlough days, layoffs, and other cost cutting mechanisms have hit courthouses, DA’s offices and public defenders, impacting both the speed and the quality of the justice being served. But an article in yesterday’s [...]
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...Tuesday, December 15, 2009
Forget for a moment that Christmas is right around the corner, and that Hanukkah has already begun. Nixon Peabody’s associates were supposed to start on January 4th, three weeks from now. Yesterday, 2/3rds of them found out that they have been re-deferred, indefinitely. Yes, the economy is struggling and it’s rough all over. [...]
Continue reading...Thursday, December 3, 2009
I have a mental image of two giants staring each other down inside a locked steel cage before charging at one another, swinging leather briefcases and throwing blackberrys. In this corner, wearing a charcoal suit and a red power tie we have BigLaw, who wants to raise billing rates by 5%, and in this [...]
Continue reading...Friday, October 30, 2009
Drinker Biddle managed to avoid deferring its incoming associates this year by cutting salaries, as we reported back in May. Apparently that wasn’t enough, as sources are reporting more than twenty associates were laid off yesterday. So far, it appears litigators are safe, with most cuts coming from tax and corporate practice groups. [...]
Continue reading...Tuesday, October 20, 2009
Squire Sanders has joined the march away from lockstep compensation, and will implement a merit based pay system starting next year. Details are still being worked out. The firm says the move away from lockstep is due to the changing economy and the expectations of clients. Squire Sanders has had a rough year. [...]
Continue reading...Friday, October 9, 2009
In February we told you about staff layoffs at Nixon Peabody, and in April we reported on salary cuts. Those salary cuts were billed as a way to save associate jobs in a struggling economy. Now it appears that those cuts were not enough and that Nixon Peabody has been quietly laying off [...]
Continue reading...Wednesday, October 7, 2009
We’ve reported on a few firms that have paid incoming associates a stipend to, essentially, go away. In each of the previous cases, the offer has been to the entire incoming class. Fenwick & West was slated to have 24 new associates start, once their deferrals expired, and has offered some of them [...]
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Tuesday, February 16, 2010
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