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legal economy

ABA’s Loan Relief Proposal for Law Graduates Rejected by Congress

Despite recent efforts from the American Bar Association to help recent law school graduates defer their student loans, neither the…

Quinn Emanuel Bonuses

Quin Emanuel is making its naughty and nice list. Those who were naughty are getting a lump of coal, and…

News Flash – The Economy was Bad in 2009!

Hard as it may be for those who follow the legal profession to believe, the economy for the past year…

DLA Piper Layoffs Attributed to Dubai Crisis

DLA Piper is laying off 7 attorneys and 10 staff in the Middle East in the wake of the Dubai…

Haynes & Boone Cut First Year Salaries

First year associates at Haynes & Boone will be starting after Thanksgiving, but at a reduced rate. The firm emailed…

Skadden Bonuses Match Cravath and Cleary

If you're an associate at Skadden Arps, the good news is not only do you still have a job, you're…

Reed Smith Asks Non Equity Partners for a Tithing

Render unto Caesar what is Caesar's, or so the expression goes. Now Reed Smith is asking much the same of…

UK Firms Feel the Pinch

The top 100 UK firms by revenue dropped saw profits decline by an average of 30% last year, according to…

Salary Freeze at Covington & Burling

Stick this one in the "It could be worse..." file. At an all associates meeting today, Covington & Burling announced…

Reed Smith Cuts Salaries

Just a few weeks after announcing it was moving away from lockstep compensation and doing away with associate classes, Reed…

5259 Fewer Jobs at Top 250 Law Firms

According to a report issued by the National Law Journal, the top 250 law firms cut 5,259 attorney positions this…

Cleary Gottlieb Follows Cravath on Bonuses

Cleary Gottlieb Gottlieb has confirmed their bonus schedule for this year, which falls right in line with Cravath. Cravath was…