Updated Special Report: Crisis on Wall StreetUpdated Special Report: Crisis on Wall StreetContinuing coverage of the market meltdown from ALM
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 ALM publications.
ALM
2010-03-31 12:00:00 AM
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 Cooley Lays Off 58 Staffers Industry Fallout Results in Trend of New Small Firms The 2009 Global 100: The Great Game Survey Shows Summertime Blues for Summer Associates Clients Sued by Firms for Fees Retaliate With Malpractice Suits Chadbourne Defers the Already Deferred Tales of the Recession's Effect on the Legal Profession Townsend to Cut Pay, Go Off Lockstep Allen & Overy Ordered to Rehire Associate After Unlawful Dismissal Ruling Arent Fox Rescinds Offers for Some Deferred Associates Jones Day: Lehman Judge OK'd Barclays Sale Based on 'Inaccurate Record' Lost Weekend: Lehman's Collapse Judge Rejects SEC, BofA Settlement Over Merrill Takeover 'Say on Pay' Legislation Gains Momentum Eversheds to Shed as Many as 117 Jobs Latest Sonnenschein Layoffs Cut Partners, Too Drinker Biddle Makes Offers to Two-Thirds of Summer Class Legal Sector Loses 100 Jobs in August Kirkland & Ellis Lays Off Associates in New York, D.C. California Firms Cut Summer Offer Rates Partner Promotions Down a Third at Top 50 U.K. Law Firms Sunshine State Firm Bucks Trend, Raises Associate Pay Sonnenschein Makes More Cuts Pepper Hamilton Makes Offers to Half Its Summers Another Furlough Plan Bites the Dust, This Time in California Morgan Lewis Gives Offers to Less Than 30 Percent of Summers Summer Slots Dry Up, but Firms Still Uncertain How Deep Cuts Will Go Fish & Richardson to Close Texas Office, Shed Corporate Lawyers Have Contract, Can't Furlough Countrywide, Former Employees Settle Class Action Over Retirement Losses FDIC Heeds Am Law Firms, Loosens Private Equity Regulations for Failed Bank Deals Shareholder Action Against Failed Mortgage Lender Tossed Sharp Increase in Mortgage-Related Lawsuits Reported Skadden to Cut Summer Class by Half, Change Recruiting Process Survey Suggests Law Firm Economics May Be Stabilizing Paul Hastings Hiring Only 75 Percent of Summers Bankruptcy Filings Up 35 Percent Over Last Year Housing Bust Ruled No Cause to Upset Child Support Pact Fordham Law School Bans Reed Smith After Firm Pulls Out of On-Campus Interviews No More 'Chalets': Legal Marketing Focuses on Building Business When Firms Collapse, What Happens to Their Leaders? Linklaters Faces Dispute Over Layoffs Legal Sector Still Contracting While Unemployment Rate Falls Citing Cuts, Public Defenders Refuse New Cases Which Firms Did Layoffs Well -- and Which Didn't? Recession Pushes Back Retirement for Some New Report Says Securities Filings Are Back Up ABA Working 'as Fast as We Can' on Recession Response, Says Group's New President For Midlevel Associates, a Year to Forget Holland & Knight Cuts Associate Pay an Average of 7 Percent California Court Closures Set, Despite Grumbling Morris Manning to Cut Associate Pay by Up to 15 Percent Law Schools Brace for Challenging Recruiting Season After Brief Respite, More Layoffs at Dechert Quinn Emanuel Defers Some Calif. First-Years Troutman Cuts Associate Pay Partner Fired for Not Meeting Billing Targets Sues Law Firm Akerman Cutting Associate Pay by 10 Percent, Say Sources Ballard Spahr Axes 2010 Summer Associate Program 2009 GC Compensation Survey: Immune No More Furloughs for Unemployment Judges Draw Fire Firms Bank on California Cities' Distress Employment Woes Fuel Uptick in Lawyer Depression Weil Defers Summer Associates Corporate Counsel Are Reducing Ranks of Secondary Outside Firms, Survey Reports Pinsent Parter Profits Fall by 36 Percent as Firm Confirms Layoffs Harvard, Recruiters Advise Law Students to Cast a Wider Net Los Angeles Superior Court Survives Its First Furlough Hastings Grad Tells Lawyers How to 'Leave Law Behind' Law Schools Hope Morgan Lewis' Move Doesn't Start Trend Wanted: Unemployed Lawyers for Unpaid Work Los Angeles to Close 557 Courtrooms Morgan Lewis Kills 2010 Summer Associate Program Orrick Delays Start of Associate Class, On-Campus Recruiting Midsize Firms Weigh Salary Cuts DLA Piper Cuts 121 in Second Round of Layoffs GM and Chrysler: The End of Bankruptcy as We Know It? Cadwalader Offering Sabbaticals in Place of Layoffs Interest in Alternative Billing Arrangements Heats Up Weil Gotshal Cuts Starting Salaries in London Blank Rome to Cut Associate Compensation by $15,000 Ruden McClosky Slashes Pay, Lays Off 8 Lawyers Law School Pays Students to Stay Away Has Pro Bono Become Recession-Proof? Orrick Breaks Lockstep in Response to Clients' Cost Concerns Alston & Bird Cuts Associate Pay In Survey, GCs Say Firms Are Bluffing When It Comes to Service, Cost Clifford Chance Profits Suffer Steep Fall Elite Lists for Foreclosure Work Under Scrutiny Pay Cuts at Firms Gaining Momentum Ruden McClosky Cuts Pay by 9 Percent Law Firm Apprentice Programs Add Extra Step for New Associates Buchanan Ingersoll to Cut Associate Pay The Junior Partner Lateral Market Is Staying Quiet, Recruiter Says DLA Piper Plans to Keep Reducing Associate Classes, Discard Lockstep System Law Firms Leaders Feeling Less Grim About the Future, Survey Shows In Down Economy, Do Less Profitable Firms Have a Better Shot at Big-Name Partners? Law Firms With Biggest Profits Are Resisting Deferrals Ex-Lehman Lawyer Uses Company's Bankruptcy as a Launching Pad Legal Groups Party Like It's 2009: Modestly Hannes Snellman Becomes First to Quit 'Fiercely Competitive' China Lawyers Reach Out to Aid Colleagues in Need Citing the Economy, Court Lightens Up on In-House-Counsel Licensure Recession Keeps Family Lawyers Busy Lower Hiring Bonuses Expected for Supreme Court Clerks Records Show $80 Million in Legal Fees for GM Bankruptcy Plaintiff Suits Against Automakers Stall Out Kirkland Expands Use of Special Fee Structures Summer Associates Can Stand Out by Balancing Fear With Enthusiasm Employment Risks to Consider in a Challenging Economy The Jury's Out on Recession's Effect on Plaintiffs Practice GM Bankruptcy May Come Calling at Supreme Court Next One Practice Area That Isn't Ailing: Health Care In Latest Crack in Lockstep Model, Pillsbury Reduces Pay Based on Productivity High Court Clears Way for Chrysler Sale White & Case Bills Pension Funds $2 Million for Chrysler Bankruptcy Work Goodbye, Economy -- Hello, Balance? Wanted: Lawyers Who've Got Game GCs, Law Firms and Flat Fee Arrangements: A Matter of Trust Law Firms Make Easy Pickings for Embezzlers Midsize Maneuvers Multiply as Laterals Forsake Large Firms GCs Want Firms to Change With the Times 2nd Circuit Ruling in Chrysler Bankruptcy Upholds Sale of Assets to Fiat Has Legal Sector Seen Worst of Job Cuts? Conn. Firms Follow National Trends With Deferrals, Smaller Associate Classes Kilpatrick Cuts Associate Pay by 10 Percent McDermott Lays Off 25 Lawyers, 47 Staff Members Kramer Levin Takes On Even More Big Auto Bankruptcy Work WilmerHale Tells Some Lawyers to Start Looking for Work Elsewhere Gibson Dunn, Paul Weiss Pick Up Key GM Assignments Law Firms Strike Alliances to Seek Stimulus Work Are Public-Interest Lawyers Getting Crowded Out by Deferred Associates? Barlow Lyde & Gilbert to Cut Up to 49 Jobs General Motors Files for Bankruptcy Recession Crimps Plans for New Law Schools Are Today's Lawyers Stretched Too Far? For Midsize Firms, Opportunities Abound Do Bailout Firms Have a Conflict of Interest? Tough Economy Takes Heavy Toll on N.Y. Summer Associate Classes Deal Lawyers See Venture Thaw First-Quarter 2009: How Bad Was It? Virtual Law Firms Stay Afloat in Tough Times Mayer Brown Pays for Some Laid-Off Associates' Placements With Clients Secondments: A Better Bargain Than Ever for Corporate Clients? Sonnenschein Announces Associate Pay Cuts, Performance-Based Compensation System Reed Smith Cuts Associate Salaries for U.S. Offices It's Time to Face It: The Big Law Bubble Has Burst Following Outcry, DLA Piper Amends Pay Plan Cutting Costs Is a Way of Life for In-House Blake Lapthorn Kicks Off Third Round of Job Cuts Pillsbury Releases Associate Deferral Details, Offers $60K in Goodbye Money Short Summers Squeeze Associates, Firms Lockstep Model Loses Favor as Law Firms Pressure Partners More IP Angst as Fish & Richardson Cuts 35 Lawyers, 85 Staff DLA Piper Announces Pay Cuts, New Compensation Model Despite Downturn, Midsized First-Year Hiring Unchanged Stimulus Bonds Generate Work for Attorneys Aussie Firms Not Immune to Layoffs Hunton & Williams Cuts 23 Attorneys, 64 Staff Members Mortgage Originators Owe Big Bucks to Am Law Firms Day Pitney Lays Off 20 Attorneys Frayed Nerves and Finger-Pointing as Reality of Wolf Block's Closure Hits Home 36 Dechert Partners Taking Pay Cuts DLA Consultation Closes With 124 Cut From U.K. Offices Are Law Firms Reducing Commitment to Diversity, Leadership Training Due to Downturn? Law Firm Survey: Economy Not Breeding Radical Change 2010 Already Looking Chilly for Summer Associates Law Business Index Confirms It's Nasty Out There Diamonds May Be a Law Firm's Best Friend in Economic Downturn Law Schools Applauding Drinker Biddle Plan to Emphasize Training Over Salaries for First-Years Deferrals Could Create Pile-Up of Available Associates Nonprofits Making Cuts Forced to Rely More on Deferred Firm Associates Economic Downturn Raising Suicide Risk Factors Among Attorneys Credit Squeeze Has Orrick Borrowing Against Future Partner Profits Calculus of the Damned: How Do Firms Decide Who Gets the Ax? Will Pay Cuts Hit New York Law Firms? Ruden McClosky Lays Off More Than 20 Staff, Lawyers Study Projects Growth in Corporate Legal Spending Stroock Offers Incoming Associates $75,000 to Reject Job Offer Panel: Law Schools Must Adapt to New Post-Grad Reality Fenwick & West Lays Off 15 Associates, 7 Staff Berwin Leighton Paisner to Lay Off London Staff With 85 Under Threat Milbank Confirms Layoffs of 49 Associates, 40 Staff MoFo (Finally) Announces Associate Deferrals Associates See Large Firm Salaries Going Down Cost-Cutting Clients Put the Squeeze on Law Firms Depression Among Attorneys Rises as Economy Sinks Law Firm Salary Cuts Keep on Coming Commentary: An Open Letter to GCs in Tough Economic Times Squire Sanders Cuts 32 Lawyers, Slashes Associate Pay State Bars Offer to Help Lawyers Cope With the Recession Linklaters Boosts Associate Pay but Cuts Salary Levels A Time of Recession and Repair for Law Firms Looking Back and Ahead: Lawyers Facing Job Insecurities Are Blue-Chip New York Firms Losing Their Balance? Wildman Harrold Lays Off 10 More Associates Nixon Peabody Cuts First-Year Salaries to $145,000 Lessons of The Am Law 100: Nothing Grows Forever Kilpatrick Stockton Lays Off 24 Lawyers Law Schools, Public Interest Agencies Deal With Consequences of Deferrals Midwest's Midsize Law Firms Faring Better Than Large Urban Rivals Kilpatrick Stockton Delays First-Years Until 2010 Companies Considering Layoffs in China Must Coordinate With Government As Pay Cuts Replace Perks, Associates Keep Heads Down Chadbourne & Parke Cuts Salaries for U.S. Offices Linklaters to Reduce Salaried Partner Ranks Judges Resist Bids to Upset Child Support in Face of Economic Upheaval Schnader Harrison Lays Off Attorneys, Staff Clifford Chance Cuts 20 Support Staff Roles in New York Office Kirkland & Ellis Lays Off Staffers Mayer Brown Extends Associate Deferral Option to a Full Year Job Anxiety Grips Graduating Law School Students Financial GCs Become Casualties as Wall Street Shrinks Buchanan Ingersoll Puts Off Start Dates, Cuts Summer Program Companies Predict Bailout-Related Increase in Whistleblower Lawsuits Herbert Smith to Freeze Pay and Cut up to 84 Jobs Government Jobs Elusive for Laid-Off Lawyers Womble Carlyle Cuts Salaries, Loses Seven Lawyers to Arent Fox Skadden Offers London Associates a Year Off, Starting at $124,000 Performance Reviews Get More Stringent During Recession Recruiting Firm Shifts to Career Counseling for Layoff Victims 3Ls Do the Grim Math on Job Market How Many Lawyers Has Troutman Sanders Laid Off? Firm Won't Say Eversheds Announces Third Round of Cuts Economic Pressure May Force Permanent Shift in Corporate Legal Costs What's Hot and What's Not for Associate Job Seekers San Francisco's Legal Business Doing Better Than Most Cities' Goodwin Procter Pushes Associate Start Dates Into 2010 McKenna Cuts New Associate Pay by $20,000 Perkins Coie Cuts 12 Associates, 26 Staffers Wilmer Pushes Back Associate Start Date Law Students Facing a Bummer of a Summer? U.K. Litigation Financing Firm Now Has $100 Million to Invest in U.S. Cases Linklaters Asks Trainees to Defer Start Dates Vedder Price Lays Off Nine Associates Chapman and Cutler Takes Harder Line on 'Underperformers,' May Reduce Salaries Small Firms and Solos Feel the Financial Squeeze Despite Sizable Revenue Gains, Quinn Emanuel Cuts Staff Public Interest Law Job Fair Lures Deferred Associates South Florida Braces for Ripple Effect as Recession Hits Latin America Former UBS Banker, Tired of Bonus Politics, Heading to Linklaters How Low Could Associate Salaries Go? Townsend Cuts Attorneys, Staffers Clifford Chance and Allen & Overy Push Back Partner Promotions Baker & McKenzie Eliminates 124 Legal and Non-Legal Jobs Looking for Opportunity in Crisis at NALP's Annual Conference Clifford Chance Set to Cut 10 Associates From Amsterdam Office Law Firms Slash Summer Associate Programs Executive Bonuses Triggering Lawsuits Nationwide Shoosmiths Asks 20 Hires to Defer Start Dates Without Payouts DLA Piper Lays Off Eight Dubai Associates General Counsel Pressuring Firms Amid Recession Alston & Bird Lays Off 14 Associates, 38 Staff Latest Labor Statistics Reveal Extent of Legal Sector Job Losses Hogan & Hartson Cuts 93 Staff Mayer Brown Cuts 135 Lawyers, Staff Across U.S. Allen Matkins Cuts First-Years' Salaries Locke Lord Bissell & Liddell Conducts Layoffs Robinson & Cole Trims 30 Employees Firmwide Stroock to Cut Associates and Staff by 10 Percent Clifford Chance Freezes Associate Lockstep and Cuts Pay for Some Reed Smith Cuts Attorneys, Staff in U.S. and London Manatt Parts With 17 Attorneys, 8 Staff Law Firm Managing Partners Pessimistic, Says Citi Survey Fried Frank Lays Off 41 Associates, 58 Staffers Skadden and Gibson Dunn Cut Staff; 11 More Skadden Attorneys Depart for New Boutique Weil Gotshal Cuts Back Summer Program, Defers Incoming Associate Class Clifford Chance, Edwards Angell Lay Off Attorneys and Staffers Dechert Cuts 125 Positions Worldwide Ballard Spahr Reportedly Delays First-Year Associates' Start Date Saul Ewing Cuts 7 Associates, 7 Staff Everything's Louder in Texas, Except the Layoffs Layoff Pain Migrates In-House Credit Woes, Failed Merger Bids Take Toll on Wolf Block DLA Piper to Cut Most Partners' Pay Ropes & Gray to New Associates: See You in January Mayer Brown to Cut 55 London Jobs and Freeze Salaries Katten and Jenner & Block Lay Off Lawyers, Staff Did Compliance Programs Fail the Test During the Financial Meltdown? Magisters Restructures as Downturn Hits Eastern Europe Law Firms Scramble to Place Deferred Associates in Volunteer Posts No In-House Haven From Layoffs Morris, Manning & Martin Rescinds Offers, Nixes Summer Program Details of Allen & Overy’s Layoff Plan Emerge Denton Wilde Lays Off 76 CMS Cameron McKenna Asks Partners to Take Fixed-Share Status Winstead Cancels 2009 Summer Program Dewey & LeBoeuf Cuts Compensation of 66 Partners How Do Firms Lay Off Lawyers? Very Carefully Baker & McKenzie to Cut up to 85 Jobs From London Office London's Norton Rose Explores Reduced Work Hours as Layoff Preventative Sidley Austin and Blank Rome Add to Latest Layoff Totals In Tough Times, Look Out for Legal Malpractice Claims Headhunters Getting Laid Off, Too In-House Lawyers Feel Economic Pinch Cravath Asks First-Years to Delay Start Dates -- but With a Twist Paul Hastings, Chadbourne & Parke, Venable Announce Attorney Layoffs Latest Layoff Wave Sees 300 Attorneys, 500 Staff Cut Wiggin and Dana Cuts 14 Lawyers After Recent Selective Growth King & Spalding Lays Off 122 Firmwide, Including 37 Lawyers U.S. Legal Sector Loses 4,200 Jobs in February 155 Lose Jobs at Pillsbury
O Canada! North of the Border, Firms Avoid Layoffs
Troutman's Partner Payout Takes Hit
Which Law Firms Top the Layoff List?
Furloughs May Be Smarter Than Layoffs
Clifford Chance Announces More Cuts to London Office
O'Melveny & Myers to Lay Off 90 Lawyers and 110 Staffers
Dewey to Drop 130 While Shearman Slashes Staff
Do Orrick's Latest Layoffs Signal a Second Wave Ahead From Other Firms?
Glut of Lawyers in Japan, but No Layoffs
Layoff Option: Start Your Own Firm
Firms Continue to Expand Despite Poor Economy
Orrick Lays Off 100 Associates, 200 Staff
DLA Piper Lays Off 20 Lawyers, 34 Staffers in Asia
Companies Seek to Alter Bonuses, Compensation
Laid-Off Associate Starts Partner Rating Site
Sonnenschein to Shutter Charlotte, N.C., Office
Why Mass Layoffs Will Trigger More Bias Suits -- and How Employees Can Win
Law Firms Turn to Webinars to Cut Costs
What Message Does Massive Latham Layoff Send?
Latham to Cut 190 Associates, 250 Staff
Cutbacks Hit Scotland as Dundas Reviews 50 Jobs
Take Proactive Steps to Avoid a Layoff
Lowenstein Sandler Lays Off 8 Percent of Attorneys
Chicago Law Firm Cuts Pay for Attorneys, Top Administrators
Shrinkage at Day Casebeer Shows IP Litigators No Longer Immune to Recession
Mandatory Furloughs Present Long List of Legal Concerns for Employers
How to Say 'No' to a Partner
Hammonds Shakes Up Partnership With 20 Set to Go
Philadelphia DA's Office Rescinds Offers to Incoming Class of Lawyers
In Latest Round of Cuts, Dechert Lays Off Staff Attorneys
Retooling Your Contract Process for the Downturn
Trowers Makes Further Job Cuts in the U.K.
Managing During a Death Spiral
The SEC's Comment Policy and the Economic Crisis
The Legal Minefield of Cutting Workers' Health Care Benefits
From the Emerald Isle to Down Under, Firms Tightening Belts
Trowers Cuts Seven Associates in Middle East
GCs Share the Pain With Outside Counsel
Remain 'Bold and Valiant' in Your Job Search
Bilzin Sumberg Cuts Attorney, Staff Positions
Simpson Thacher Sends Some Associates on Year-Long Pro Bono Stints
Economy Challenges Tight-Knit Gunderson
Thompson Hine Cuts Positions, Associate Pay
Buchanan Ingersoll Makes More Staff Cuts
Akin Gump Sued by Famed San Diego Hotel Over Canceled Retreat
Layoffs Hit Conn. Law Firms
Pillsbury Confirms Layoff Leak
Morrison & Foerster Slashes Bonuses, Freezes Salaries
Allen & Overy to Cut Partners, Associates and Freeze Pay
Associates Face Life After Layoffs
Survival Instincts Kick In for Small Firms, Solos
Details of Linklaters Associate Job Cuts Emerge
Will New SEC Priorities Put Company Lawyers in 'Pressure Cooker'?
There's a Better Way to Lay Off Employees
Simmons & Simmons Set to Cut up to 69 Jobs in London
For Magic Circle Partners Shown the Exit, Where Are the Jobs?
The Coming Law Firm Hiring Crisis
Brutal Week May Not Be the End of Law Firm Layoffs
800 Law Firm Jobs Lost in One Day
Clifford Chance Discusses Voluntary Redundancies With Associates
Some Lawyers Are Still Hot in This Cold Economy
Wolf Block Cuts Associate Salaries
Make a Successful Lateral Jump Instead of Falling Into a Hole
Banks Push for Alternative Billing as Claims Rise
Public Universities' Employee Furloughs Hit Law Schools
Dechert Cuts 19 Lawyers
DLA Piper to Lay Off 80 Associates, 100 Staff in U.S.
Transforming a Legal Department From Cost Center to Revenue Source
Will This Year Bring More Aggressive Partner Cuts?
How Are U.S. Firms Faring in London?
Revenue Flat, Profits Down at Skadden, S&C, Davis Polk and Dewey
Feds Set Sights on 'Gatekeepers' in Fraud Investigations
Corporate Lawyers Shift Gears
Large Firm Layoffs Lead to Small Firm Startups
White & Case Freezes London Pay as Profits Fall
Nixon Peabody Lays Off 20 Lawyers and 36 Staff
Law Firms' 2011 Scenario and the End of Leverage
Hogan & Hartson Offers Buyouts to 240 Staffers
DLA Piper Set to Cut up to 140 in New Round of Layoffs
Report: Tougher Hedge Fund Oversight on the Horizon
Lovells to Cut up to 94 Jobs
Freshfields to Freeze Associate Pay
Just How Much Do Law Firm Layoffs Save?
Legal Sector Lost 1,300 Jobs in January
Bad Economy Makes Troubled Couples Avoid Divorce Will Regional, Mid-Tier Firms Emerge as Winners in the Current Crisis? Another Midsize Firm Cuts Attorneys, Staff Is the Work-Life Balance Tipping in Work's Favor? Allen & Overy, SJ Berwin Lead on New Icelandic Bankruptcy Four Atlanta Firms Confirm Layoffs McDermott, Will & Emery Lays Off 60 Attorneys, 89 Staffers TARP Lawyers to Banks: Think Twice About Taking Government Cash Lawyer Can't Reduce Alimony, Support Payments by Citing Dwindling Practice Continued Decline in Law Firm Profits Seen for '09 Olswang Set to Lay Off 8 Percent of U.K. Workforce Predicting the Unpredictable Future of In-House Legal Teams Ropes & Gray Cuts Staff Fish & Richardson Axes 30 Staff
Linklaters Review Set to Claim up to 270 Jobs Is Law Firm Diversity Suffering as Recession Continues? 200 Lose Jobs at Morrison & Foerster Tanking Economy Begins to Affect E-Discovery Firms 30 More Jobs Under Threat at Blake Lapthorn Federal Judge Dismisses Suit Against U.S. Over Bailout Wilson Sonsini Cuts 45 Lawyers, 68 Staff Culling the Herd or Hurting Your Firm? The View From 3L Bingham Shrinks Calif. Office to One Lawyer, Cuts Staff Canadian Firms Cutting Back Too The Future of EDD in a Wounded Economy Midsize Firms Find the Only Certainty Is Uncertainty in 2009
Law Firms Keeping an Eye on Client IOUs
Baker & McKenzie Lays Off 20 Legal Staff in London
Simmons & Simmons Asks Trainees to Defer Start Date to 2010
Staffing Cuts Multiply, but Are Associate Cuts a Better Solution?
Can Technology Thrive in a Bad Economy?
Bailout Triggers Exec Pay Worries
Cooley Axes 52 Lawyers, 62 Staff
Arent Fox to Freeze Associate Salaries on Heels of Double-Digit Growth
Ashurst Moves to Downsize Equity Partnership
How BNY Mellon's Legal Team Weathered the Financial Meltdown
Class Action Workplace Litigation a Hot Item
Jenner Chairman Tapped to Probe Lehman Creditors' Claims
Law Firm Layoffs Continue, This Time at Blank Rome
Neal Gerber Cuts Handful of Attorneys
Associate Salaries Temporarily Frozen at Two Big Firms
Allen & Overy Considers Job Cuts in Hong Kong
Some Small Firms Find Smooth Sailing Through Turbulent Times
Staying Employed: Remain Visible and Flexible
Calif. Employment Lawyers Saw Fourth Quarter Surge
The South Emerged as the Hot Merger Region in 2008
Firm Managing Partners Report Record Low Confidence in Economy
Lehman Aims to Exit Bankruptcy Within 24 Months
Newcomers Confront Changing Reality in Asia
Hungry Lawyers in Lean Times Invite GCs for 'Free' Lunch
Five Tips for IT to Survive the Plunge
Slew of Small, Midsize Firm Mergers Begins 2009
Report: Alston & Bird Freezes Salaries
Contract Lawyers: Cheaper by the Hour
N.C. Firm Lays Off 13 Lawyers, 15 Staffers
U.S. Legal Job Market Contracts in 2008
Law Firm Survival: Tough Economic Times Call for Sound Management
Clifford Chance Asks Partners to Contribute Cash
Layoff Alternative: Reducing Associate Hours
American Firms in Europe Feel the Economic Chill
Avoiding Danger to Business Secrets in a Bad Economy
Clifford Chance Set to Lay Off up to 80 Lawyers in London
Delays in Attorney Retirement Could Contribute to Firm Overcrowding
ACC Offers Tips on Weathering Economic Storm
Linklaters Announces Bonus Cutbacks for U.S. Associates
Bad Economy Makes It a Good Time to Go It Alone
Firms Get Ready for Wave of Bankruptcy Filings Banks Keeping Law Firm Clients on Shorter Leash
Judge Rules Against WaMu Confidentiality Request
Orrick Freezes Associate Salaries
The Latest From the Ashes of Lehman
Number of Subprime-Related Suits Reaches Unprecedented Level
Slump Brings Associate Layoffs at Gunderson
Q&A: Why Banks in Canada Have Fared Better Than in U.S. -- So Far
Nonequity Partners May Be Most at Risk in Belt-Tightening Firms
Steps to Help Firm Staffers Survive a Falling Axe Smaller Firms Pressured Into Layoffs Too
GCs Starting to Bring the Work Back Home
Federal Bankruptcy Filings Surge by 30 Percent; Business Filings Up by 49 Percent
Latham's Salary Freeze May Launch Trend
IP Boutique Latest to Announce Freeze in Billing Rates
Seyfarth Bucks Trend, Publicly Announces Layoffs
Citigroup, UBS Buying Back $30 Billion in Securities
Mass. High Court Upholds Order Restricting Subprime Lender From Foreclosing
Plaintiffs Win Key Rulings in Two Huge Subprime Class Actions
Prudent Practices in a Bad Economy
Boutique Firms Well-Positioned in Current Economy
Class Action Demands Countrywide Repay Hedge Funds for Losses
Following Pack, Davis Polk to Halve Bonuses
Davis Polk on $200 Billion TALF Plan
How One Small Firm Is Coping With the Economic Crisis
General Motors Should Pursue Prepackaged Bankruptcy, Says Lawyer
Who Headlines a Big Three Bankruptcy?
Davis Polk, Cleary, Cravath All Work Overtime to Save Citi
Cravath Cuts Bonuses, Hints at 2008 Financials
Fragomen Del Rey Announces Associate Layoffs
Brown Rudnick Lays Off 20 Lawyers, 20 Staff
In Surprise Move for Troubled Times, DLA Piper Asks Partners to Contribute Capital
No Bonuses, No Salary Increases, No Expected Layoffs, Says Bryan Cave's Chair
Mayer Brown Lays Off 33 Lawyers
Big Auto Bailout Seekers Should Drop Civil Suits, Say Environmental Lawyers
Ontario Law Firm Shoots for $550 Million Class Action Against AIG
China's Economy: the Good, the Bad and the Ugly
Legal Services Industry Trims 1,100 Jobs in October
Protecting Yourself From and Surviving In-House Cuts
Firms Rethink the Value of Associate Bonuses
Executive Compensation's Role in the Financial Crisis
Insurers Jump on the Bailout Bandwagon
Law Firms Getting Top Lateral Talent for Bargain Prices
Assistant U.S. Attorney Tapped to Oversee $700 Billion Economic Bailout
Silicon Valley's San Mateo County Sues Lehman Executives
Orrick Lays Off Associates, Staff in Response to Downturn
Detroit Firm Leaders Don't Fear Being Driven off the Road
Attention Law Firms: Lehman Brothers Is Open for Business -- Again
White & Case Lays Off 70 Associates
How Much Work Are Corporate Law Departments Paying For?
Skadden Leads Half-Dozen Firms in Circuit City Bankruptcy
Billing Gets Creative in Souring Economy
Sign of the Times: Shareholder Focus on Stability
Experts Call Treasury Department's Conflict Rules Unprecedented
Hong Kong Investors Sue Banks for Failed Lehman Products
Treasury Department Picks Two Law Firms to Handle $700 Billion Bailout
Former Lehman Employee Files $5 Million Lawsuit Against Failed Investment Bank
As Building Projects Collapse, Suits Pile Up
Chicago's Bell Boyd & Lloyd Lays Off 10 Associates
Eversheds Suspends Profit Payout for Two Quarters
Bank of America Sues Bear Stearns Execs
Thacher Proffitt Loses Vice Chairman to Greenberg Traurig
Study: More Mergers Predicted as Confidence in Legal Sector Drops
Analysts: Treasury Department's Bank Plan Favors Survival of the Biggest
Some Firms Scale Back Summer Programs in Tough Economy
Market Rebound Could Take Five Years, Says Wachtell's Lipton
Bailout Package's Legal Riddles Abound
Freshfields Heads German Banking Bailout
Quinn and Milbank File Applications in Lehman Bankruptcy
Disney Wants Lehman Officials Investigated
London's Survival Lessons for Legal Market Downturn
Power Company Sends Lightning Bolt Into Lehman Bankruptcy Case
Study: Corporations Slash Spending on Outside Counsel
Dewey & LeBoeuf to Shutter North Carolina Office
Lehman Brothers' CEO and Former CFO Subpoenaed
Simpson Thacher to Get $300,000 From Treasury Department for Bailout Work
UBS Taps Sullivan & Cromwell as U.S. Counsel for $60 Billion Bailout
How Is the Lehman Bankruptcy Like Hurricane Katrina?
Barclays Offers Loan Deal to Cash-Strapped Law Firms
Subprime Mortgage Lenders Not Popular With Potential Jurors
What Will Bailout Plan Do for Smaller Bank Clients?
Hypo Real Estate Taps Milbank for German Investigation
Cleary Confirms It Rejected Lead Adviser Role on Federal Bailout Plan
Simpson Thacher Wins Lead Role on Treasury's $700 Billion Bailout Plan
Magic Circle Firms Head Up $64 Billion U.K. Bank Bailout
Citigroup Drops Bid to Block Wachovia Sale, Presses Ahead With $60 Billion Suit for Damages
New Wave of Class Actions Filed in Wake of Subprime Collapse
Iceland's Lawyers Prepare for Deep Freeze
Did JPMorgan Chase Make Itself a Target in Fights Over Lehman Funds?
Chadbourne the Latest to Hop on 'Crisis' Bandwagon
Weil's Lehman Bankruptcy Bonanza
Law Firms Slow Asia Expansion as Credit Crunch Contagion Spreads
Creative Financing Closes Deals in Tight Credit Market
Where Do I Send My Resume Now?
How to Defend Against Wave of Expected Indictments
Criminal Prosecutions Predicted to Surge Over Financial Crisis
Bankers Still See Law Firms as Good Credit Risks
Freshfields, Slaughters Land $87 Billion U.K. Bank Bailout Roles
As Markets Plunge, Law Firms Comfort Nervous Associates
Report: U.K. Banks Seek Capital Injection
Wall Street Stress for Law Grads
Countrywide Deal Includes Reworked Mortgages
How the Senate's 60 Lawyers Voted on Bailout Bill
Shearman Takes Lead on Germany's First Big Bailout -- $48B for Hypo Real Estate
Sullivan, Wachtell on Disputed Wachovia-Citi Deal
Municipalities Struggle Over Loss of Credit Canadian Law Firms Weathering Wall Street Storm -- So Far
Lehman Asks Judge to Approve Sale of Eagle Energy
Economic Tailspin Hasn't Slowed Law Firm Mergers in '08
Big Deals Go Belly Up Amid Market Crisis
Supreme Court Stays Above Economic Fray -- for Now
Law Firms, Vultures, Saviors
Herbert Smith Ally Leads on Belgian Bank Bailouts
Welcome to the Future: Law After the Boom
Your Career, Amid the Flood
Davis Polk and Sullivan Lead on Citi's Wachovia Buyout
Shareholder Suits Face Uncertainty, Higher Hurdles
JPMorgan Acquires WaMu Assets for $1.9 Billion
Bailout Plan Could Curtail Executive Compensation, Says Former Capitol Hill Lawyer
Ameriprise Claims 'Tip-Offs'
Freshfields Gets In on Nomura's Lehman Buyout
Congress Doing More Damage Than Good in Market Crisis, Says Former SEC Lawyer
Simmons Leads as Lehman Litigation Kicks Off
Wall Street Bailout Could Enhance, Expand Role of Law Firms
Lehman Bankruptcy Hearing Held Surprises, According to Attorney Eyewitness
Wachtell Urges Action Against Short Sellers, Review of CDS Market
Hoyt Heading Up Treasury's Legal Offense
U.S. Could Emerge as Major Player in Suits Stemming From Financial Crisis
Weil, Ropes and Cleary on Newest Lehman Sell-Off
Attorneys Seek Law Firms as Safe Ports From the Wall Street Storm
U.K. Short-Selling Block Backed by Lawyers
N.Y. Attorney General Launches Probe of Short-Selling Amid Market Upheaval
GCs See Major Changes in Company Risk Management in Wake of Wall Street Meltdown
Effects of Financial Collapse Worry Lawyers, Law Students
U.K. Lawyers Forecast Litigation Rush After U.S. Bank Demise
Lehman Advisers Set to Be Hit in Bank's Collapse Milbank Tweed Named Counsel to Lehman's Creditors' Committee
Barclays Enters $1.75 Billion Deal to Acquire Lehman Assets With Firms' Help
Firms Aid in Fed's Bailout of AIG
If WaMu Falls Next, Which Firms Lose?
Lehman Lawyers To Be Paid as Hopes Rise of Barclays U.K. Deal
Fed Lends AIG $85 Billion, Takes Control
Lehman Brothers Japan Files for Bankruptcy Protection
Lehman Lawyers Look for Work as Clifford Chance Acts on Barclays Asset Hunt Corporate Law Firms See Dark Days Ahead
Lawyers Are Key to Mortgage Giants' Rescue
Bank of America to Buy Merrill for $50 Billion
London Elite Take Lead Roles on U.K. Side of Lehman Bankruptcy
Weil Takes on Lehman Bankruptcy Filing
Wachtell, Shearman, Cravath on Bank of America-Merrill Deal
London Lawyers Predict Upturn in Litigation Work S.F. Bay Area's Midsize Firms Brace for the Future Hammonds' Layoff Count Hits 77
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