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Search results for tag "Cuts"

• Analysts expect further pay cuts for US associates

  Dec 11 2009 In 2009, many major US law firms have cut entry-level pay by $15,000 to $30,000 USD. Before the recession began, first-year associate salaries had risen to $160,000 in... more

• Blank Rome cuts associate salaries by $15,000

  Jul 06 2009 Blank Rome LLP confirmed that it is cutting the salaries of its most associates in response to similar reductions at competing law firms. Starting salaries at Blank... more

• Weil Gotshal cuts staff despite strong results

  Jun 02 2009 Weil Gotshal & Manges LLP, which has about 43 lawyers in Boston and 1,215 lawyers firm-wide, has laid off 79 non-legal staff across all of its U.S. offices. The... more

• Will New York law firms cut associate salaries?

  May 08 2009 In 2007, New York City firms were raising starting salaries to match the $160,000 mark set by Simpson Thacher & Bartlett. As earnings are under pressure due to the... more

• DLA Piper cuts partner pay by 11.5 per cent

  Mar 25 2009 DLA Piper, the largest US law firm with 3,785 lawyers, is cutting compensation for its US partners by 11.5 per cent. High performers will be paid more. The firm... more

• Norton Rose floats reduced work week for members

  Mar 17 2009 Last week, Norton Rose announced a plan, not yet approved, to cut back on partners' working hours as a way to decrease overall costs while saving jobs. While other... more

• Dewey & LeBoeuf cuts pay of 66 partners by 80 percent

  Mar 15 2009 Dewey & LeBoeuf has cut pay for 66 partners by as much as 80 percent over the past 15 months, reports the Am Law Daily. Lower-tier partners have saw drastic... more

• Small law firms cut back attorneys and salaries

  Mar 03 2009 Smaller law firms that see themselves as alternatives to bigger, more bottom-line-focused rivals are resorting to the same cost-cutting tactics of megafirms to weather... more

• Clifford Chance to cut partners in latest law firm shake-up

  Feb 04 2009 Clifford Chance LLP, the world’s largest law firm by revenue, plans to reduce the size of its partnership as the effects of the financial crisis hit the City’s "Magic... more

• Linklaters to cut 120 associates, 150 staff in London

  Jan 29 2009 Linklaters today announced plans to cut up to 120 junior lawyers in its London office in anticipation of a weakening demand for commercial legal services. The... more

• Job cuts at O'Melveny & Myers

  Oct 28 2008 O'Melveny & Myers has laid off five associates in its Los Angeles office, according to the blog Above the Law. The National Law Journal reports that O'Melveny is... more

• Law firms cut attorneys as economy sours

  Oct 20 2008 Two Chicago law firms fired attorneys this week. Sonnenschein Nath & Rosenthal layed off 24 lawyers out of 680, and Katten Muchin Rosenman 21 out of 650. And more... more

• Eversheds to cut costs with travel restrictions

  Oct 09 2008 Eversheds has brought in travel restrictions in a bid to reduce outgoings across the law firm... more