Home

Law Firm Layoffs and Salary Drops
Download PDF

According to the Daily Journal, six months after merging with a San Diego law firm , McKenna Long & Aldridge LLP, an international law firm with more than 575 attorneys and public policy advisors in 13 offices and 11 markets, is shedding lawyers from Luce Forward Hamilton & Scripps LLP.

McKenna, which practices in the areas of complex litigation, corporate law, energy, environment, family wealth, finance, government contracts, health care, infrastructure, insurance, intellectual property, public policy, real estate, and technology, let go four former Luce attorneys from its San Diego office. The firm let go of 15 attorneys total in the United States. According to an anonymous source, McKenna gave three of the attorneys a 30-day notice on August 20, 2012. The fourth attorney was given more notice. Some legal experts surmise the dismissals as part of McKenna’s plan to remove employees who do not live to productivity standards.

  
What
Where


These layoffs come at a time when starting salaries at the nation’s largest firms dropped from $160,000 to $145,000 for law firms with 700 or more attorneys, as reported by The National Jurist. The firms are probably not afraid to lower salaries because people might still be more than willing to accept the jobs since the number of associates hired by law firms with 500 or more attorneys dropped from 4,745 in 2007 to 2,856 in 2011.

NALP, an association for legal career professionals, conducted the study. The drop in salary is a signal that firms are adjusting to a market where people do not want to be charged by the hour, can get forms online through services such as LegalZoom, jobs going overseas, and use independent contract attorneys. Companies like LegalZoom helps people save money by not having to spend on routine legal needs, from incorporations and trademarks to last wills. Small firm practitioners have also gotten into the act of creating wizards to help those who put off creating essential legal documents because of inconvenience and high fees.

According to The National Jurist, nationwide, 46 percent of law firms with more than 700 attorneys reported salaries at $160,000, down from 65 percent in 2009. In 2009, 90 percent of law firms with more than 700 attorneys in Los Angeles and Washington, D.C. reported $160,000 salaries. Some global law firms, which once paid the same salary for all offices, now pay different salaries in different markets. In some places, a salary less than $160,000 is competitive, considering the many unemployed recent law school graduates, and senior attorneys who have lost jobs.

Get JD Journal in Your Mail

Subscribe to our FREE daily news alerts and get the latest updates on the most happening events in the legal, business, and celebrity world. You also get your daily dose of humor and entertainment!!






 

BCG FEATURED JOB

Locations:

Keyword:



Search Now

Junior Commercial Litigation Attorney with products liability experience

USA-AZ-Phoenix

Phoenix office of our client seeks junior commercial litigation attorney with 1-3 years of experienc...

Apply Now

Employment Defense Attorney with 5+ years of litigation experience

USA-CA-Los Angeles

Los Angeles office of our client seeks employment defense attorney with 5+ years of litigation exper...

Apply Now

IP Patent Attorney with 2-5 years of computer engineering experience

USA-WI-Milwaukee

Milwaukee office of our client seeks intellectual property patent attorney with 2-5 years of experie...

Apply Now

Labor and Employment Attorney with 3-4 years of litigation experience

USA-CA-Los Angeles

Los Angeles office of our client seeks labor and employment attorney with 3-4 years of litigation ex...

Apply Now

RELEVANT JOBS

Litigation Attorney

USA-CA-San Francisco

Fast-paced, mid-sized law firm, located in San Francisco, is searching for a litigation attorney wit...

Apply now

Legal Assistant - Litigation

USA-NJ-Harlingen

Our office is looking for a person who does litigation cases. Please call our office at 956-428-2102...

Apply now

Attorney

USA-NY-New York City

The Flomenhaft Law Firm, PLLC is a Manhattan based plaintiff’s personal injury trial law firm ...

Apply now

Commercial Real Estate Associate

USA-NY-Rochester

Searching for an experienced commercial real estate associate. Ideally, this candidate has gained th...

Apply now

Most Popular

SEARCH IN ARCHIVE

To Top