Property and legal firms have slashed their graduate intake by up to 80 per cent as the credit crisis bites. The slowdown is also affecting graduate entry jobs in construction and management consultancy, and could
Law firm news by topic » Credit
Coughlin Stoia Geller Rudman & Robbins is one one of many US law firms vying to represent disgruntled investors in the French bank Société Générale. The law firm hopes that a U.S. District Court in Manhattan will
Cadwalader, Wickersham & Taft, the New York-based law firm founded in 1792, will fire 96 salaried lawyers in the U.S. and London because of "a significant slowdown'' in real-estate finance and securitization
Newcastle-based Dickinson Dees is to lay off around 70 staff as the credit crunch begins to bite. The lawq firm has has started formal consultations with employees in its d3 Legal division, which deals with its volume
Macfarlanes has achieved a modest 6.7 per cent rise in revenue but failed to increase its average profit per equity partner. In the firm's latest financial results, turnover increased to £110m from £103m last year,
Howard Kennedy has become the latest UK law firm to fall victim to the credit crunch with the launch of a redundancy program threatening up to 50 jobs.
The credit crunch has failed to have an impact on trainee retention rates, with early indications from a cross-section of leading firms such as Freshfields Bruckhaus Deringer, CMS Cameron McKenna, Norton Rose, Pinsent
Freshfields has offered jobs to a decent 90% of its trainees, but Allen & Overy confirmed that only 83% of its trainees were being given the chance to qualify into the firm, a significant drop on last year...
According to RollOnFriday rumours abound that Europe's first credit crunch casualties of 2008 will be at Dechert. Last month the firm showed the door to 13 of its lawyers in the States, and insiders say that the London
Job seekers in the legal sector remain confident about securing new roles despite the continued threat of a global economic meltdown. According to `Job Pulse’ a new quarterly survey published by totallylegal.com 77
Structured finance, which includes work related to the full spectrum of mortgage-backed securities, is the acknowledged ground zero of the current credit crisis, and firms heavily focused on the area -- like Thacher
Skadden Arps Slate Meagher & Flom and Wachtell Lipton Rosen & Katz have scooped lead roles on JPMorgan Chase's acquisition of troubled investment bank Bear Stearns. Skadden partner Peter Atkins is leading the team
Allen & Overy is attempting to usher in a new era of flexibility among its lawyers, partly to prepare for fluctuating market conditions, marking the strongest evidence yet that top U.K. law firms are having to adapt to
Law firms will be closely watching a move by Linklaters – which has emerged as the first magic circle firm to litigate against a bank since the credit crunch. It accepted an instruction from Barclays Capital in a major
Trainee retention rates across the UK’s elite legal profession have remained steadfast, with many firms keeping hold of more than 90% of their intake despite a sharp dip in City lawyers’ overall business confidence.