Law firm news by topic » Credit

UK banks and law firms slash graduate intake

Aug 20, 2008 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…

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Dickinson Dees to axe 70 staff

Jul 16, 2008 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…

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Macfarlanes' figures hit by credit crunch

Jun 25, 2008 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,…

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Trainee retention defies crunch

Jun 17, 2008 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…

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Rumours of redundancies at Dechert

Apr 28, 2008 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…

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Job hunters give credit crunch the brush off

Apr 16, 2008 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…

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Skadden and Wachtell seal Bear Stearns buyout

Mar 18, 2008 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…

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London Firms to Redeploy Lawyers as Markets Shift

Jan 27, 2008 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…

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