Hard as it may be for those who follow the legal profession to believe, the economy for the past year has been a tad rough. So says a slew of…
First year associates at Haynes & Boone will be starting after Thanksgiving, but at a reduced rate. The firm emailed its incoming associates and informed them that the salary for…
If you’re an associate at Skadden Arps, the good news is not only do you still have a job, you’re getting a bonus for surviving the year. The not so…
Render unto Caesar what is Caesar’s, or so the expression goes. Now Reed Smith is asking much the same of its non equity partners. Non equity partners are being asked…
Stick this one in the “It could be worse…” file. At an all associates meeting today, Covington & Burling announced a freeze on associate salaries for all offices other than…
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…
According to a report issued by the National Law Journal, the top 250 law firms cut 5,259 attorney positions this year in the worst year since the NLJ began compiling…
Cleary Gottlieb Gottlieb has confirmed their bonus schedule for this year, which falls right in line with Cravath. Cravath was the first major law firm to announce its year end…
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…
Cravath Swaine & Moore has officially kicked off this years bonus season. It should come as no surprise that bonuses are lower than last year. The class of 2008 will…
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