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Morning News Roundup for Saturday

This morning's top stories: Morrison & Foerster has frozen associate salaries, and revised its associate discretionary bonuses to as low…

McKee Nelson, which last November laid off 17 lawyers and 15 staff, has announced a new round of cuts; six…

Faegre & Benson has announced the layoffs of 58 staffers. With regret, we will reduce by 58 the number of…

Hausfeld LLP, which launched in November after Cohen Milstein Hausfeld & Toll voted out name partner Michael Hausfeld, announced this…

New York's Simpson Thacher & Bartlett is sending some of its associates to year-long stints at nonprofit organizations. The firm…

The National Law Journal reports that major firms brought on as many new associates in 2008 as they did in…

Buchanan Ingersoll & Rooney eliminated between 25 and 30 administrative positions yesterday. The firm cut 25 administrative positions in November.…

Connecticut's Updike, Kelly & Spellacy has laid off three secretaries and two first-year lawyers in its Hartford office. "We have…

Am Law 100 firm Cravath, Swaine & Moore saw 2008 gross revenue fall 13%, while profits per partner dropped 24%…

Morrison & Foerster has frozen associate salaries, and revised its associate discretionary bonuses to as low as $6,000 for 2008.…

TGIF! This morning's top stories: Shearman & Sterling reports a 4.9% drop in revenues to $876 million for 2008, and…

According to the Legal Intelligencer, law firms are targeting the directors of their pro bono and diversity initiatives when time…