By Jack Newsham | April 1, 2020
The 180-attorney firm based in Long Island has laid off or furloughed more than 30 people and cut the pay of lawyers and staff who are still around, sources said.
By Jack Newsham | Christine Simmons | March 31, 2020
Partners "have been told not to expect any distributions during the peak months of the crisis," according to an internal memo, as the firm looks to avoid layoffs.
By Jack Newsham | March 30, 2020
"Our average profit per partner last year was $4.7 million, so I don't think anyone is going to start a GoFundMe page or hold a telethon for Paul Weiss partners," said chairman Brad Karp.
By Jack Newsham | March 24, 2020
Goldberg Segalla and Belkin Burden Goldman have both laid off some staff, citing the impact of the coronavirus.
By Jack Newsham | March 16, 2020
Chairman David Greenwald said the firm's litigators had a particularly busy year.
By Jack Newsham | March 11, 2020
A resurgence in leveraged finance work, plus the lawyers' "blood, sweat and collections," helped push Cahill's profits per partner past $3.8 million last year, said the firm's chairman.
By Jack Newsham | March 10, 2020
More firm lawyers than ever worked on Puerto Rico's reorganization, while Proskauer's London office revenue increased by 18.5%.
By Jack Newsham | March 5, 2020
Total hours billed by lawyers fell about 3.8%, but the firm's pullback in Central Europe and its growth in higher-rate markets meant more revenue could be derived from a similar number of hours, the firm's leader said.
By Christine Simmons | February 28, 2020
"You're seeing a drop in hours but an increase in revenue and profitability, which is exactly what we're trying to achieve," said senior partner David Beveridge.
New York Law Journal | Analysis
By Jamie Diaferia and Andrew Longstreth | February 26, 2020
Judging from conversations with law firm leaders, anxiety pervades the managing class. Their concerns have less to do with the acquisition of new business than the war for talent—at all levels, from first-year associates to senior partners.
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