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Law.com Home > Updated Special Report: Crisis on Wall Street

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Updated Special Report: Crisis on Wall Street

Continuing coverage of the market meltdown from ALM

ALM

March 31, 2010

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As Wall Street's woes continue, Law.com presents ongoing coverage of the financial meltdown from across the globe, with updates on the firms handling the bankruptcies, the fate of in-house legal teams, and the legal implications, economic domino effect and other ramifications for lawyers and the legal profession. Check back for regular updates from all ALM publications, collected here.

 

See which law firms are on The Layoff List.

Falling Figures Permeate Annual Corporate Scorecard

Foley & Lardner Feels the Pain

Drought Ends for Securities Class Action Settlements

White & Case London Revenues Dropped 20 Percent in 2009

Chadbourne Rescinds Job Offers to 11 Deferred Associates

Howrey to Cut Between 20 and 30 Partners

Legal Sector Lost Just 100 Jobs in February

New Survey Suggests In-House Lawyers Are Poised to Hire

Partner Cuts Logical Place for Savings in 2010, Report Says

Summer Associate Offers Hit 17-Year Low, Says NALP

U.S. Firms Scale Back London Recruitment as Lateral Hires Fall to Five-Year Low

Revenue Plunges 14 Percent for DLA Piper's U.S. Operations

Revenue and Profits Fall at Mayer Brown

O'Melveny & Myers Sees New Decreases in Revenue, Profits

Profits Up, Revenue Down at Shearman & Sterling

Latham's Profits Bounce Back

Morgan Lewis Sees Sharp Drop in Profits, Revenue

The 2010 Lateral Report: Company Town

Report Shows Some Improvement in N.Y. Legal Market

Legal Sector Lost 1,100 Jobs in January

Legal Sector Lost 2,100 Jobs in December

Fewer Lawyers Earn Real Partnerships at Law Firms

Securities Class Actions Falling Off as Credit Crisis Dwindles

San Francisco Real Estate Firm Cassidy Shimko Closes

Latham Unfreezes Associate Salaries for 2010

Bad Times Could Have Been Worse for Women in 2009

Will More Firms Re-Defer Their Incoming First-Years?

Legal Training Looks at New Directions in Response to Recession

Associate Pay Cuts Here to Stay, Say Firms, Analysts

AIG's Top Lawyer Tells Pay Czar 'Hands Off My Paycheck'

DLA Piper Launches Third Round of Middle East Layoffs

Firms' Billing Rates Inched Up During 2009, NLJ Survey Shows

Legal Sector Lost 2,900 Jobs in November

Thompson Coburn Hires Ahead of the Next Real Estate Surge

CMS Russia Cuts 30 Jobs in Second Round of Layoffs

Clifford Chance, Ashurst, Allen & Overy on Dubai World Debt Crisis

Good News for 2Ls: Some Law Firms Interviewing Again

Bonuses at Law Firms Not Guaranteed in 2009

It's Sunny for Philadelphia's Legal Market, Survey Shows

Harvard Scrapping Public Service Reimbursement Program

Real Estate Lawyer's Suicide a Sign of Desperate Times for Some

Multinational Bankruptcies for a Global Recession

Law Firms Promote Fewer Senior Associates to Partnership

New Approaches to Getting a Law Firm Job

Orrick-Levi Strauss Deal Underscores Growth of Alternative Billing

Sutherland to Jettison Lockstep Associate Pay

Seyfarth Latest to Cut First-Year Associate Pay

Ditching the Billable Hour: 'Everyone Wants to Do It'

Survey Finds Revenue, Profits Down at Law Firms

Skadden Matches Cravath, Cleary Bonus Numbers

Lovells to Move Farther Away From Lockstep Under Planned Merger With Hogan Hartson

Expenses Down for Small and Midsize Firms, but Revenue Down Faster

Reed Smith to Ask Nonequity Partners to Pay Chunk of Salary to Firm

Covington Freezes Associate Salaries Outside New York

Litigation Practices Showing Signs of Life, Says Hildebrandt Study

Reed Smith Cuts First-Year Salaries, Billing Rates by 20 Percent

Stimulus Expansion Sends Real Estate Lawyers Scrambling

Day Pitney Makes New Round of Cuts

Simmons Blames Global Crisis as Firm Pulls Plug on Moscow Arm

Washington Mutual Sues to Get Billions Back From FDIC

Allen Matkins Makes Second Cut to Pay, Lays Off Associates

Ready, Set, Delay: Most Large Texas Firms Push Back Start Dates

WilmerHale Lays Off 57 Staff

Major U.K. Firms Cut Back Profit Payouts Amid Tough Markets

Changes at Squire Sanders: Deferrals, Layoffs, New Management

In-House Lawyers Talk Tough on Getting Firms to Mind the Bottom Line

Foley & Lardner Cuts 39 Lawyers

Sheppard Mullin's N.Y. Associates Share the Salary Pain

Departures and Cutbacks Take Ashurst Partner Exits to 22

 

Thompson & Knight Encourages Associates to 'Customize' Compensation and Hours

Law Departments Putting Cost-Cutting Into Action

Top South Florida Attorneys' Billing Rates Rise in 2009

The Recession's Not Over for China's Law Firms

Denton Wilde Sapte to Cut Up to 29 More Jobs

Thriving Boutique Gives Some Hope to Job Seekers

Outside Counsel Spending Projected to Drop by 4.3 Percent Next Year

After a Year, Laid-Off Associate Finds New Job Outside a Law Firm

 

Bingham McCutchen to Adopt 'Merit Lockstep' System

 

Has the Recession Forever Changed Large Law Firms?

 

Associate Salaries: The War Is Over

 

Legal Sector Lost 2,000 Jobs in September

Survey Shows Recession's Impact on Minority Associates

 

New Report Shows Signs of Life in Law Firm Merger Market

 

Wildman Harrold Rescinds Job Offers to 10 New Associates

 

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Companies, agencies mentioned

    
  • AIG
  • Wall Street As Wall Street
  • O'Melveny & Myers
  • Allen & Overy
  • Washington Mutual
  • General Motors
  • Harvard
  • New Directions
  • FDIC
  • Eversheds
  • Ashurst, Allen & Overy on Dubai
  • Good News
  • Public Service
  • Pillsbury
  • Buchanan Ingersoll
  • Supreme Court
  • Fish & Richardson
  • N.Y. Associates
  • Denton Wilde Sapte
  • UBS
  • Freshfields
  • Texas Office
  • Superior Court
  • Know It
  • Hogan & Hartson
  • Name Partners
  • Automakers
  • Dewey & LeBoeuf
  • London Office
  • Got Game
  • Barlow Lyde & Gilbert
  • Barclays
  • Hunton & Williams
  • Big Bucks
  • Morrison & Foerster
  • Simmons & Simmons
  • Lehman Brothers
  • New York Office
  • London Associates
  • U.K. Banks
  • Amsterdam Office
  • Dubai Associates
  • Robinson & Cole
  • Cut Associates
  • Jenner & Block
  • CMS Cameron McKenna
  • Citigroup
  • Norton Rose
  • Paul Hastings, Chadbourne & Parke
  • Second Wave
  • Bank of America
  • San Diego Hotel
  • Magic Circle Partners
  • JPMorgan Chase
  • Legal Department
  • Hedge Fund
  • McDermott, Will & Emery
  • Fed
  • N.C. Firm
  • US Associates
  • Big Three
  • Legal Services
  • Silicon Valley
  • Detroit Firm
  • Bear Stearns
  • Power Company
  • North Carolina Office
  • Sullivan & Cromwell
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  • Wachovia
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