Law firm news by topic » Sonnenschein

Record number of lateral partner moves in 2009

Feb 2, 2010 Lateral partner moves in the US reached an all-time high in 2009, according to The American Lawyer’s annual Lateral Report. In the 12 months ending Sept. 30, 2,775 partners left or joined the biggest firms in the…

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When big law firms crumble

Feb 9, 2009 Wall Street lawyers whose businesses falter find their bankers promptly at the door asking for repayment of loans. BusinessWeek article by Michael Orey about the fall of Thacher Proffitt & Wood

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Law firms defy downturn to post bumper results

Jul 14, 2008 As investment banks continue to announce widespread redundancies, the largest global law firms are turning in double-digit revenue increases despite the credit crunch forcing a downturn in deal activity.

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US Legal Sector Sees Third Month of Job Losses

Jun 7, 2008 The U.S. legal service sector lost 1,100 jobs in May, according to U.S. Department of Labor statistics released Friday. Layoffs at large firms, along with tightening throughout the market generally, contributed to the…

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U.S. law firm layoffs pick up pace as economy slows

Mar 12, 2008 For the second year in a row, 460-lawyer Chicago firm Jenner & Block has axed equity partners. At least 10 partners have been told to give up their equity and some have been asked to leave. Last year, the firm stripped…

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