Commercial law firm Mallesons will begin a redundancy consultation in August, targeting 5% of the firm’s workforce. The redundancies are being characterized as voluntary, and will affect 100 lawyers and staff. Some lawyers will be offered more than one year’s pay. The offers are to include a payment based on years of service, an additional stipend, and [...]
Continue reading...Monday, June 29, 2009
Pillsbury has missed its own deadline to inform 22 of its 54 incoming associates that they will be deferred again, to January 2011. The other 32 will begin work in January 2010. The firm had promised its incoming class that each member would be informed of their fate by last Friday, but this never happened. Pillsbury offered $60,000 [...]
Continue reading...Saturday, May 30, 2009
Herbert Smith, which announced in April a redundancy consultation at its London HQ, targeting 84 positions, will not need to lay anyone off after all, after 84 staff members signed on for voluntary redundancy or alternative working arrangements. The firm offered staffers 3.5 weeks salary per year of service to leave the firm. Herbert Smith was founded [...]
Continue reading...Tuesday, May 19, 2009
![Pillsbury Offers Incoming Associates $60K to Drop Dead [Update]](http://www.jdjournal.com/wp-content/themes/freshnews/thumb.php?src=http://www.jdjournal.com/wp-content/uploads/2009/01/pillsbury_160x120.jpg&h=75&w=75&zc=1&q=95)
Pillsbury, which has delayed start dates for its incoming first year associates to January 2010, is now offering $60,000 to associates willing to forget about working at the firm. Other firms have been offering $75,000 for the same deal. The firm has also announced a public interest fellowship program. Rather than paying associates to do work with [...]
Continue reading...Friday, May 1, 2009
According to an internal memo leaked online, New York’s Stroock & Stroock & Lavan is making three offers to incoming associates. First, deferrals: …the start date for the incoming class will be January 11, 2010. Prior to this date, you will be expected to take and pass the New York bar exam. We will cover related expenses [...]
Continue reading...Friday, April 17, 2009
In March, Atlanta’s Troutman Sanders said layoffs were likely. Now legal industry news sites have noticed that 28 names have mysteriously disappeared from the firm’s roster of attorneys on its web site. The firm refuses to confirm a specific number of lawyers who have left the firm, and will not give circumstances behind why lawyers have [...]
Continue reading...Thursday, April 2, 2009
Today Hogan & Hartson informed 93 US support staffers they don’t have to come back next week. From the memo: …we reluctantly have concluded that two steps are required at this time: (1) a layoff of 93 non-legal staff members in our U.S. offices; and (2) temporary implementation of our established 1,800 hour associate compensation track in [...]
Continue reading...Tuesday, March 31, 2009
Buffalo, New York law firm Jaeckle Fleischmann & Mugel is offering a voluntary buyout program for 38 of its support staff. Eligible employees have until May 15th to apply for the firm’s “voluntary separation” program, which offers “salary continuation” for a period of time depending on employees’ years of service. The firm has 60 full-time support staffers, [...]
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Thursday, July 30, 2009
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