Greenberg Traurig - the US ally of City outfit Olswang - is to freeze its pay for equity partners following a $10m (£5.04m) shortfall in year-end collections, writes the Daily Business Review, as US firms brace themselves for an economic downturn. In a memo to fee earners at the Miami-based firm written at the end of last year, Greenberg chief executive Cesar Alvarez said salaries would remain "at present levels until we get a better financial picture for 2008".
February 05, 2008 at 05:08 AM
1 minute read
The original version of this story was published on Legalweek
Greenberg Traurig – the US ally of City outfit Olswang – is to freeze its pay for equity partners following a $10m (£5.04m) shortfall in year-end collections, writes the Daily Business Review, as US firms brace themselves for an economic downturn.
In a memo to fee earners at the Miami-based firm written at the end of last year, Greenberg chief executive Cesar Alvarez said salaries would remain “at present levels until we get a better financial picture for 2008″.
Presented by BigVoodoo
Celebrate outstanding achievement in law firms, chambers, in-house legal departments and alternative business structures.
The African Legal Awards recognise exceptional achievement within Africa s legal community during a period of rapid change.
Join the industry's top owners, investors, developers, brokers & financiers at THE MULTIFAMILY EVENT OF THE YEAR!
Atlanta s John Marshall Law School is seeking to hire one or more full-time, visiting Legal WritingInstructors to teach Legal Research, Anal...
Lower Manhattan firm seeks a premises liability litigator (i.e., depositions, SJ motions, and/or trials) with at least 3-6 years of experien...
Join the Mendocino County District Attorney s Office and work in Mendocino County home to redwoods, vineyards and picturesque coastline. ...
MELICK & PORTER, LLP PROMOTES CONNECTICUT PARTNERS HOLLY ROGERS, STEVEN BANKS, and ALEXANDER AHRENS
