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struggling legal economy

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…

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…

Salary Freeze at Covington & Burling

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

Staff Layoffs at Day Pitney

Day Pitney has laid off 29 staff memebers in its third round of layoffs this year. In may, the firm…

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…

More Layoffs at Dickstein Shapiro

In a firm wide memo sent out today, Dickstein Shapiroannounced that three percent of its associates and ten percent of…

Bonus Season has Begun!

Cravath Swaine & Moore has officially kicked off this years bonus season. It should come as no surprise that bonuses…

Morrison & Foerster Lower Incoming Associate Salaries in California

Morrison & Foerster is lowering the starting pay of its associates to $145,000 in California, while associates in New York…