Law News
Law news found and posted by the lawyrs community.
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May 17 2012
Clifford Chance is attempting to change its own rules regarding the removal of underperforming partners. Under the current system, an under-performing partner will be...
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May 07 2012
The most expensive US lawyers are becoming even more costly, while the cheapest are barely keeping up with inflation, according to this story published in the Wall...
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May 04 2012
The Am Law Daily has released figures that give a snapshot of the legal services industry over the past year. The top 100 firms saw single digit growth in gross...
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May 04 2012
Jones Day has announced a pay rise for trainees in its London office, increasing the starting salary from £39,000 to £41,000, with pay to be reviewed every year in...
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May 03 2012
London firm Stephenson Harwood has promoted three associates to the partnership in its annual promotions round, down from four last year.
Promotions went to...
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Apr 30 2012
Herbert Smith has announced plans to lay off 51 people London, and has commenced a 30 day consultation to carry out the cuts. The biggest cuts will take place in the...
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Apr 18 2012
Miami firm Bilzin Sumberg has hired leading litigation lawyers Marty Steinberg and Jeffrey Gutchess of Hunton & Williams along with a number of associates.
“We are...
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Apr 06 2012
Rumour has it that Allen & Overy is considering a substantial pay rise for lawyers. The firm is apparently in the midst of discussions on the pay issue, which should...
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Apr 06 2012
A US court has ruled that that lawyers from Eaton Peabody and Baker & Hostetler overcharged for legal work, inflating their charges with overstaffing and redundant...
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Mar 08 2012
Mumbai-based firm Nasikwala Law Office has hired former Juris Corp partner Freddy R. Daruwala. Daruwala will join the firm as an equity partner to head the firm's...
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Feb 23 2012
Squire Sanders is set to launch a shipping practice in London after the hire of three partners and two associates.
The team will be led by partners Graham Harris...
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Feb 20 2012
The new client advisory from Citi Private Bank’s Law Firm Group and the Hildebrandt Institute has some disheartening news for the legal sector: “Unfortunately, the...
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Feb 06 2012
Leading Canadian firm Blake, Cassels & Graydon has promoted 13 associates to the partnership.
“I am pleased to announce our latest group of partners,” said Rob...
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Jan 27 2012
Legal industry experts predict that large law firms will again award spring bonuses in 2012, following on from a trend begun in 2011, but that spring bonuses are...
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Jan 23 2012
6.2 per cent of lawyers at big firms work part time, according to a new survey released by NALP.
In 2011 98 per cent of large law firms allowed part-time schedules,...
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Jan 16 2012
Rumour has it that seven associates have resigned from Berwin Leighton Paisner's Banking and Capital Markets group in the last week. According to Roll On Friday a...
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Jan 16 2012
Dechert announced its 2011 end-of-year bonuses for US associates just after Christmas, with a schedule of bonuses that broadly matches the standard set by Cleary...
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Dec 22 2011
Above the Law has been keeping a close eye on announcements regarding annual bonuses from large law firms. Their reporting has noted that the size of this year’s...
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Dec 19 2011
US firm Davis Polk & Wardwell has announced its annual bonuses for associates, matching the rates set by Cravath Swaine & Moore last month
The Cravath bonus scale...
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Dec 14 2011
Davis Polk & Wardwell has announced that it will match the bonus structure put forward by Cravath Swaine & Moore.
Like Cravath, Davis Polk's bonus scale begins...
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Dec 09 2011
Sullivan & Cromwell has announced that it will award year-end bonuses of the same size as were awarded last year, but sweetens the news by saying that associates can...
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Dec 08 2011
Clifford Chance is exploring an alliance with Chinese firm Broad & Bright. Broad & Bright has 20 partners, 40 associates, and is one of China’s fastest growing firms,...
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Dec 06 2011
Proskauer Rose has announced that it will match the bonus scale set by Cravath Swaine & Moore. The level of these bonuses is considered to be down the lower end of the...
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Dec 01 2011
Skadden, Arps, Slate, Meagher & Flom has matched the 2011 bonuses offered by market leader Cravath, Swaine & Moore, all but ensuring a steady and predictable bonus...
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Nov 30 2011
The public and regulatory practice group at Field Fisher Waterhouse is likely to make four associates redundant, with a further 13 solicitors and paralegals likely to...
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Nov 21 2011
London firm Walker Morris has laid off two associates in the corporate department. The two associates had reportedly just returned from maternity leave when they were...
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Nov 10 2011
Less women are entering big-firm practice, according to the annual report of the National Association of Women Lawyers, which pointed out that women account for 47%...
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Nov 01 2011
A group of up to 20 lawyers is set to depart from Willkie Farr & Gallagher to move in house at one of the firm’s biggest clients - Bloomberg L.P. The group is led by...
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Oct 06 2011
Eversheds is set to introduce a new senior role as an alternative to partnership. The new ‘legal director’ is aimed at “recognising those senior people at the firm who...
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Sep 16 2011
Vault.com has stepped up with a new ranking to put law firm summer associate programs in some kind of order. Thank goodness.
This summer Vault surveyed around...
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Sep 07 2011
Proskauer Rose has recruited six associates from SJ Berwin’s funds group. The group follows hot on the heels of funds partners Nigel van Zyl and Oliver Rochman, who...
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Sep 06 2011
The American Lawyer has released the results of its annual associate satisfaction survey, which showed that associates billed more hours last year in comparison to...
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Aug 23 2011
Law firms are responding to Junior lawyers have long been a profit center for large law firms, charged out to clients at hundreds of dollars an hour. But with clients...
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Aug 18 2011
The recruitment drive for associates for the class of 2013 has begun in earnest, with recruiting partners coming on campus to assess the current crop for coveted...
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Jul 04 2011
The American Lawyer magazine has released statistics showing that pro-bono output declined at the top 100 US firms in the past year, during which those same firms...
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Jun 27 2011
RollOnFriday has reported that London law firm Devonshires will not be paying the bonuses promised to associates last year.
The bonus scheme was introduced to...
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Jun 17 2011
Cahill is set to award a mid-year bonus to all associates in the range of $5,000 to $25,000. The bonus comes after a record year for the Wall Street firm, with revenue...
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May 31 2011
Ronald Barusch, a M&A practitioner at Skadden, Arps, Slate, Meagher & Flom, offers some interesting advice for law grads in this article in the Wall Street Journal....
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May 26 2011
Shearman & Sterling has announced a pay rise for UK qualified associates, increasing salaries by as much as 15 per cent within its three-tier merit-based system....
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May 24 2011
Freshfields Bruckhaus Deringer has announced pay rises for all associates, taking the firm to the very top of the Magic Circle in terms of compensation.
Associates...
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May 24 2011
An interesting article here about the creation of two-tier associate system in some of the biggest law firms in the US. These second tier associates do the same kind...
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May 13 2011
Allen & Overy and Linklaters have frozen salaries for associates. This means that lawyers will progress to the next salary band according to the lockstep system, but...
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May 09 2011
London firm Taylor Wessing has introduced a novel policy to increase productivity among associates – releasing details of each associate’s recorded hours to their...
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Apr 27 2011
SJ Berwin has announced that it is abandoning the associate lockstep model in favor of a merit-based compensation system.
Under the new scheme, associates will move...
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Apr 25 2011
London firm Reynolds Porter Chamberlain has introduced a new system for distinguishing between lawyers on the basis of how much they are billing. Each associate’s...
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Apr 18 2011
Mayer Brown has jumped on the spring bonus bandwagon with the announcement that it will pay US-based associates according to the scale set by Cravath Swaine & Moore....
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Apr 13 2011
International firm Dechert has announced the award of spring bonuses to associates and counsel. The firm will pay qualifying associates in May, according to the...
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Apr 06 2011
Gibson Dunn & Crutcher has taken the decision to grant spring bonuses to associates, matching the market with payments equal to those awarded by Cravath Swaine &...
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Mar 30 2011
Interesting article here about the follow on effects of all those deferred start dates for associates during the height of the recession in 2008 and 2009.
The...
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Mar 22 2011
Lateral hiring in the US increased by 38 per cent to 2,300 hires last year, after two years of declining activity on the lateral market. Lateral hires of associates...
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Mar 10 2011
Howrey’s partners have voted to dissolve the partnership, a decision that will take effect on 15 March 2011 and put the 55 year old firm out of its misery.
The...
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Mar 09 2011
This is an interesting article about the plight of associates that find themselves in a failing law firm.
The article looks back to the period from late 2008...
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Mar 01 2011
There are just four US law schools that can boast that more than half of their 2010 graduates were recruited by the 250 largest law firms in the country, according to...
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Feb 17 2011
Robert Weber, the general counsel of IBM, says that that the company is developing a kind of digital associate called Watson.
According to Weber, Watson is ‘a...
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Feb 16 2011
Freshfields Bruckhaus Deringer has awarded spring bonuses to its 82 US–based associates, following the lead set by Sullivan & Cromwell, Cravath, Swaine & Moore,...
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Feb 10 2011
Morrison & Foerster has announced its spring bonuses for associates. Non-New York associates are set to see bonuses that loosely follows the Cravath, Swaine & Moore...
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Feb 08 2011
Addleshaw Goddard is the latest firm to announce that it will send low-level legal work to a transaction services centre. The firm’s stated aim is to free associates...
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Feb 02 2011
Here is an interesting article on law firm appraisals. It takes a look at the utility of providing feedback and professional development opportunities, and discusses...
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Jan 24 2011
Sullivan & Cromwell has announced a generous spring bonuses for its associates. The firm has decided to the 2010 year-end bonuses, announced in December, with a...
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Jan 12 2011
The number of lawyers at large law firms that are working part time has risen from 2.4 per cent in 1994 to 6.4 per cent 2010, but lawyers are far less likely to work...
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Jan 10 2011
US firm Jones Day has bucked the trend followed by every other large firm in the country with the decision not to award end of year bonuses to associates.
"We...
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Jan 04 2011
Dewey & LeBoeuf has promoted four lawyers to the partnership in their annual promotions round, down from six promotions in 2009 and 20 in the golden age of 2008....
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Jan 04 2011
Hogan Lovells has announced its end of year bonus package, the first the firm has given since the merger Hogan & Hartson and Lovells. But associates hoping that the...
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Jan 03 2011
Hughes Hubbard & Reed has announced a scheme designed to ensure better time-keeping by associates.
The firm’s plan means that associates who are more than five...
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Dec 24 2010
London-based firm Clifford Chance has announced that its US associates will receive bonuses of between $7,500 and $35,000 at the beginning of 2011. The bonus package...
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Dec 20 2010
Debevoise & Plimpton has announced its 2010 associate bonuses, following a slew of large law firms to match the scale set by Cravath, Swaine & Moore.
The bonuses...
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Dec 10 2010
Cahill Gordon & Reindel appears to be taking the lead on associate bonuses, breaking ranks with other law firms, who have largely followed the standard set by Cravath...
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Dec 09 2010
Linklaters has reported around £8m of expenditure on pro bono activities during the last financial year, equating to around 63,750 hours of work.
The figures...
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Dec 09 2010
Above The Law has run an informal survey on the bonuses offered by small law firms, with highly variable results.
A third of respondents reported getting no...
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Dec 02 2010
US firm Simpson Thacher & Bartlett has implemented a new policy of docking pay by 20 per cent for associates who are ten days late in filing their time records. The...
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Dec 01 2010
The days of cuts to the partner ranks are not over, according to a new survey onducted by the Amercan Lawyer. The survey reports almost 70 per cent of the 124...
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Nov 30 2010
This article points out that the big law model requires a high level of attrition, and maximum profit is achieved if a good number of associates leave after three or...
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Nov 25 2010
Milbank Tweed Hadley & McCloy has announced the details of its associate bonus package, which matches the scale released by Cravath, Swaine & Moore some days ago....
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Nov 24 2010
Skadden, Arps, Slate, Meagher & Flom has announced the rate of bonuses to be received by associates, matching the figures announced a day earlier by Cravath, Swaine &...
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Nov 22 2010
The London tax practice at Hogan Lovells has launched a redundancy consultation, with four associate positions at risk. This round of redundancies comes after the firm...
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Nov 04 2010
Slaughter and May has announced an imminent increase in its firmwide bonus, as well as a marginal increase in the baseline salary for associates.
All fee earners,...
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Nov 03 2010
Lowenstein Sandler has hired Ira Sorkin, the co-leader of the securities litigation and white-collar practices at Dickstein Shapiro.
Sorkin makes the move along...
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Nov 03 2010
Before the recession, graduate starting salaries grew at a rate that considerably outstripped inflation. When the demand for legal services dropped, law firms moved to...
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Nov 01 2010
During the recession law school increased in popularity, with the number of LSAT takers climbing 20.5 per cent between 2007 and 2009, and law schools seeing more...
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Oct 27 2010
DLA Piper has boosted its Paris IT practice with the hire of a five-strong team of lawyers Bird & Bird.
The team is led by Bird & Bird's international IT co-head...
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Oct 15 2010
A team of four partners is set to leave the Paris office of Norton Rose after disagreements about the management of the office. Corporate partners Jean-Francois...
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Oct 11 2010
Howrey's head of intellectual property in Europe and at least 11 other partners and 14 associates are jumping ship to set up a new IP firm. The splinter group cited...
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Oct 06 2010
US firm Husch Blackwell, based in Kansas city, has confirmed that it has laid off 20 lawyers, including associates and non-equity partners. The lawyers affected...
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Oct 01 2010
Diversity efforts by US law firms have stalled, according to new data from the Minority Corporate Counsel Association and Vault.com.
The 2009 summer intake had the...
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Sep 28 2010
Many corporate, real-estate and other transactional associates have had a slow year, with deals and work-flow stalling in the tough economic climate. Many have shifted...
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Sep 22 2010
Associate pay seemed for some time to be directly linked to the financial health of law firms – when demand for legal services outstripped supply, the cost of labour...
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Aug 27 2010
Orrick, Herrington & Sutcliffe has announced a pay rise for all associates except for first-years.
Under the new pay scheme, which will come into effect in...
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Aug 09 2010
Bird & Bird has cut associate pay by £2,000, bucking the trend for London firms, who generally seem to be raising salaries rather than cutting them.
Under the new...
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Aug 04 2010
This year Luthra & Luthra and Amarchand have been the biggest recruiters so far for the batch graduating in 2011 followed by Trilegal and Khaitan.
Luthra has hired...
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Jul 27 2010
UK recruitment consultancy Badenoch & Clark has released the results of a new survey, claiming that 24 per cent of young lawyers are looking to leave the profession...
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Jul 21 2010
For the past 20 years, firms have made the distinction between partners with an equity stake in the firm and those without. Justin T. Miller suggests, in the San...
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Jul 12 2010
Making partner is not the main goal for most UK associates, according to a new survey. Legal Week Intelligence's 2010 Employee Satisfaction Report reveals that only 38...
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Jun 25 2010
Juris Corp is on an aggressive growth mode and has announced two internal promotions and has inducted 11 associates from the NLUs, Symbiosis and GLC Mumbai.
Veena...
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Jun 24 2010
More layoffs are expected in the latter half of 2010, according to a new survey conducted by consulting firm Altman Weil, but there will be fewer layoffs than occurred...
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Jun 05 2010
The New Delhi-based Vaish Associates has revamped its management by promoting nine key associates from their New Delhi, Mumbai and Gurgaon offices to partners.
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May 07 2010
Freshfields Bruckhaus Deringer has announced a payrise in its lockstep pay bands, effective 1 May.
The changes ncrease the firm's newly-qualified rate by £1,000...
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Apr 07 2010
After a salary freeze in 2009 and the deferral of its 2009 associates until 2010, Mintz Leven has announced that things are looking up.
Mintz Levin Managing...
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Apr 01 2010
There are no shortage of articles pointing out the need for change in the legal industry under new economic conditions. This New York Times article is interesting...
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Mar 18 2010
US firm Chadbourne & Parke is the latest to break the news to 2009 associates that there would be no job for them at the end of a series of deferrals. Eleven of the...
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Feb 19 2010
Morrison & Foerster has raised first-year salaries back to $160,000. The US law firm had lowered starting salaries outside of New York and Asia to $145,000 in October....
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