Numerous reports exist that Shearman & Sterling is planning to cut up to 5% of its litigation associate numbers in addition to laying off associates in other practice groups. Some reports indicate that this would be the
Law firm news by topic » Layoffs
UK firm CMS Cameron McKenna has asked its trainees to volunteer to delay their start dates by up to one year, potentially extending into 2011. The firm has offered a payment in exchange for agreeing to the deferral.
UK firm Linklaters has asked its new trainees to defer their start dates until as late as September 2010 in exchange for a stipend. The firm has indicated that it wishes to "fine tune" its hiring of new trainees.
The Solicitors' Regulation Authority, overseeing solicitors in England and Wales, has elected not to intervene in cases where prospective trainees have signed a contract but had their start date deferred. The SRA
International firm Baker & McKenzie recently confirmed that the firm has eliminated a further 124 positions, including 38 lawyers. This is the second round of layoffs from Baker & McKenzie.
Clifford Chance plans to lay off 10 associates in its Amsterdam office, which has around 160 lawyers in total, including 28 partners. Allen & Overy also plans to reduce its headcount in the Netherlands. The UK firm,
DLA Piper has announced it will eliminate 8 associates in its Dubai office. Falling demand is cited as the reason for the cutbacks.
Mayer Brown has indicated that it will lay off over 100 lawyers and support staff, with 45 lawyers losing their jobs, throughout its US offices. In addition, many associates' start dates will be deferred.
UK firm Lovells has announced it will lay off a total of 79 legal and non-legal staff from its London City office. In addition, the firm will freeze numerous salaries at current levels.
For the first time in eight years, US firm Morrison & Foerster will cancel its partner retreat for 2009 following numerous associate layoffs in its US offices. The retreat was to be held at the well-known Broadmoor
A total of 100 more lawyers and staff will lose their positions at Reed Smith, the firm has indicated. The cuts will take place over both the US and UK offices.
US firm Fried Frank Harris Shriver & Jacobson has indicated it will lay off a total of 99 staff, including 41 lawyers. The firm has also indicated it will delay new associate start dates by a minimum of a few months, up
"Green shoots" might be the new phrase of the moment, as a number of heads of major London firms including Freshfields and Denton Wilde predict that recovery from the global economic downturn which has so adversely
According to blog Above the Law, if your start date has to be deferred or your summer associate programme cut short, at least work for Weil Gotshal. They are paying deferred associates up to $75K, but associates have to
Clifford Chance recently indicated that it will lay off 24 more associates in its New York office. In addition, support staff layoffs are planned and new associate start dates will be deferred.