Weil Gotshal & Manges is making a mass redundancy, laying off 60 associates and 110 staffers. The firm also plans to reduce the compensation of about 10 percent of its partners (roughly 30 out of 300, with some income…
Allen & Overy has increase trainee remuneration for the first time in three years. Starting from 1 September, first year trainees will receive £39,000, up from £38,000. Second…
The American Lawyer has pointed out that law firms are increasingly relying on capital contributions from partners in an effort to decrease reliance on bank debt. After surveying financing data from 20 law firms, the…
Sullivan & Cromwell has announced year-end bonuses matching the scale offered by industry standard-setter Cravath, Swaine &…
Cravath set a relatively high standard for associate bonuses this week, awarding fifth year associates a $34,000 bonus. Weil Gotshal followed…
The last of the major UK law firms to post their retention figures have now made their decisions, with both Norton Rose and Herbert Smith announcing respectable results. Norton…
DLA Piper is in advanced merger-negotiations with French corporate boutique Frieh Bouhenic, in a bid to expand its presence in Paris. The…
Kirkland & Ellis has increased the salaries of all associates in London, with newly qualified lawyers now £7000 better off on £97,000. The increases put the firm among the…
US firm Weil Gotshal & Manges has elevated eleven lawyers to the partnership in its annual promotions round. The promotions take place across the New York, Washington…
Kasowitz, Benson, Torres & Friedman has expanded its intellectual property practice with the launch of an office in Silicon Valley. The office will be led…
Employment in New York law firms has grown by 1.6 per cent from 2010 figures, according to Crain’s latest ranking of the city’s top 25 law fimrs. Seventeen of the top 25 law firms saw employment increases over…
Numerous major law firms have begun to offer a benefit for employees that enroll their same-sex partner in the firm’s health care plan. The benefit aims to offset federal, state and local income taxes paid on the value…
Chinese firm Jun He Law Offices has boosted its Beijing corporate practice with the hire of partner Jasson Han from Weil Gotshal…
The co-head of the private equity practice group at Weil, Gotshal & Manges - James Westra - is leaving the law firm to become Managing Director and Chief Legal Officer at…
The recruitment drive for associates for the class of 2013 has begun in earnest, with recruiting partners coming on campus to assess the current crop for coveted BigLaw positions. And keen second year law students…