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Perkins Coie Defers Incoming Corporate Associates
Corporate associates will receive a $15,000 stipend and begin in January. Perkins is the latest of several tech-oriented law firms to defer its incoming class.Deal Watch: Wachtell Reps the GOAT in Hornets Sale; Confusing Times Continue for Dealmakers
While Wachtell and King & Spalding had a big week in deals, M&A lawyers remain uncertain about the deal market ahead amid continuing signs of uncertainty.Layoffs Are Spreading. After All, There's Only So Much Work to Go Around
A patchy corporate market has created a mismatch between staffing and demand levels at several law firms with broader client bases that stretch beyond the tech sector.In Canada, the Glory Days of Associate Signing and Retention Bonuses Are Over
As U.S. firms shed lawyers, Canadian firms are holding steady and being more strategic in their hiring, says a new salary report.Big Law Continues to Face Layoffs, Deferrals Amid Depressed Demand
Several Big Law firms have announced layoffs and associate class deferrals as they face depressed demand across sectors and geographies.Orrick Lays Off Attorneys and Staff, Defers Incoming Class
The firm is letting go of about 40 associates and 50 staff members due to reduced client demand in some areas and the impact of technology, data and the evolving workplace on the type of support it needs to operate.What a Difference a Year Makes for Law Firm Associates
The power dynamic inside law firms has shifted. Intense talent wars are gone, demand for legal services has dropped, COVID alerts have been canceled and partners once again can call the shots. Associates have lost their leverage — for now. But pendulums swing back and forth. How long can partners maintain the upper hand?Associate Deferrals Reveal Concerns of a Sustained Downturn, Especially in Tech
Deferrals of incoming law firm associates have thus far been tethered to the hard-hit tech sector, yet legal consultants said they wouldn't be surprised to see more firms change course in the coming months.Fenwick Defers Incoming Class as Tech Sector Headwinds Drag On
Fenwick & West is the third tech-focused law firm to defer its incoming class.State AI Legislation Is on the Move in 2024
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