California's biggest law firms saw revenues and profits remain mostly flat in 2009, writes The Recorder. The overarching theme of the year for all large firms was belt-tightening - firms laid off staff and associates, froze salaries, reduced partner pay, cut back summer programs, deferred start dates and drove out underperforming partners.
January 25, 2010 at 06:52 AM
1 minute read
The original version of this story was published on Legalweek
California’s biggest law firms saw revenues and profits remain mostly flat in 2009, writes The Recorder.
The overarching theme of the year for all large firms was belt-tightening – firms laid off staff and associates, froze salaries, reduced partner pay, cut back summer programs, deferred start dates and drove out underperforming partners.
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