Good morning! Here are the top stories:
UPDATED: Snell & Wilmer has laid off up to 40 staff, and tipsters claim it’s shedding lawyers as well…
McDermott Will & Emery has cut pay for summer associates to $135,000, down from the Biglaw standard $160,000…
But at least McDermott hasn’t yet fired incoming associates, like the UK’s Freshfields and LG…
And Weil, Gotshal & Manges has eliminated 79 administrative positions across its US offices…