Thacher Proffitt Dissolves; Sonnenschein Rescues 100 [Update]
Chicago's Sonnenschein Nath & Rosenthal has announced it will hire 100 lawyers (NYT says 40) away from New York CIty's…
economic meltdown
Latham & Watkins Freezes Salaries at 2008 Levels [Update]
Los Angeles-based Latham & Watkins is freezing 2009 salaries at 2008 levels. While we anticipate that the diversity of our practices…
“Meltdown Task Force” Becomes “Madoff Task Force”
The WSJ Law Blog writes about Susman Godfrey: Susman Godfrey is trying to put its "financial fraud task force," which…
Associates’ Bonuses Drop In Bad Year For Legal Biz
From The American Lawyer: Want an early look at how law firms will end 2008? Check out their associate bonus…
Judge Sides With [Law Firm Name Deleted] in Bizarre Lawsuit
A judge in US District Court has sided with [Law Firm Name Deleted] in a bizarre and widely ridiculed trademark…
Law Firms Avoid Announcing Layoffs, Even to Staff
From Am Law Daily: The Am Law Daily is running out of leads for layoff stories, so we were relieved…
Economic Meltdown Means Fewer New Partners in ’09
From Law.com: new partner candidates may have a tough time next year. New partner announcements are starting to come in,…
“Onslaught of Bankruptcies” Means Steady Increase in Law Jobs
From the AE Feldman Blog: Executive search firm, A.E. Feldman, says the surge in bankruptcies is creating opportunities for candidates…
The Upside of Being a Laid-Off Lawyer: Facial Hair
The Wall Street Journal, having nothing else to report on, writes that newly unemployed Wall Street refugees are luxuriating in…
ABA: Law Firms Working on Collapsed M&A Deals May Never Get Paid
The ABA Journal reports: Law firms working on mergers and acquisitions typically get paid when and if a deal closes.…