Reports have surfaced that the compensation paid to associates at Herbert Smith who have been made redundant in the most recent round of layoffs will be better than originally thought. Laid-off lawyers could receive up
Law firm news by topic » Layoffs
K&L Gates have both made cuts in their number of staff. K&L Gates is reported to have made an unclear number ofReports exist that well-known US firms Kilpatrick Stockton and
Reports have emerged that US firm Squire Sanders & Dempsey has elected to cut associate salaries by approximately 10%. In addition, 30 lawyers are reported to have been laid off, in the second round of redundancies at
While numerous reports have discussed the impact on associates at major firms of the global economic downturn, recruiters report that partners, and particularly older partners, are also a target of layoffs. They may not
The US firm Kilpatrick Stockton recently indicated that it would delay its first-year associates' starting dates until April 2010. The Atlanta-based firm will be providing deferred associates with a one-time payment.
Major firm Dechert stated recently that it would be dividing its first-year associate class into three groups with different start dates, some as late as the fall of 2010. The associates with later start dates will be
Lawyers working for companies which have been acquired by Oracle within the last year have faced layoffs, reports indicate. As a result, some are concerned that Sun Microsystems' lawyers may be confronted with the same
Reports exist that a few weeks after indicating its incoming first-year associates in 2009 would be offered the option to defer their start dates until early 2010, Mayer Brown is now making clear that associates will be
1500-lawyer Kirkland & Ellis indicated that it has cut an undisclosed number of administrative staff positions in all offices of the firm. General economic conditions were cited as the reason for the cuts.
Taylor Wessing now indicates it will ask trainees starting in 2009 andAfter announcing a number of cost-cutting measures including some potential redundancies and sabbaticals,
Taylor Wessing recently indicated that it will introduce a number of cost-cutting measures including a likely 10 associate layoffs, sabbaticals at significant salary
Herbert Smith has stated that it will freeze associate salaries at last year's levels, and may be eliminating up to 84 staff from its office in London. The firm's transactional practice has been affected by the recent
Skadden has offered its London associates the possibility of taking a one-year sabbatical at a reduced salary. The cost-cutting measure guarantees not to eliminate the positions of those who participate.
UK firm Eversheds has indicated that it may cut as many as 10 legal staff in its third round of layoffs. In addition, the firm has stated that it will ask new trainees to defer their start dates by up to a year.
US firm Wilmer Cutler Pickering Hale and Dorr has asked incoming new associates to postpone their start dates until early in 2010. The basis for the deferrals, as indicated by the firm, was to accommodate client