Lawyer Pay

Some law firms will die without quick cuts, consultant says; which ones acted this past week?

At least a dozen more large and midsized law firms cut pay and furloughed employees in the past week because of the novel coronavirus pandemic. But it’s not nearly enough, according to a former BigLaw lawyer who once worked as a consultant.

Apr 30, 2020 3:13 PM CDT

It was another bad week for many BigLaw lawyers and staffers; who saw pay cuts and furloughs?

It’s not over, by any means. It has been a week since the ABA Journal reported on the latest large and midsized law firms to cut pay, reduce partner draws, and furlough or lay off staff because of the COVID-19 pandemic. Since then, at least 15 more law firms took temporary steps to reduce costs.

Apr 23, 2020 3:43 PM CDT

Afternoon Briefs: Missouri sues China over COVID-19; lawyer accused of threatening cameraman

Missouri is first state to sue China over COVID-19 The state of Missouri has filed a lawsuit against China that contends that its government covered up knowledge of COVID-19 and hoarded personal protective equipment. Missouri is the first state to sue China. The suit alleges breach of duty, public nuisance…

Apr 22, 2020 4:18 PM CDT

Gross revenue jumped 5% for top US law firms last year; which firm surpassed $4B?

Gross revenue for the nation’s 100 highest-grossing law firms jumped 5% last year, with 86 of the firms reporting gains.

Apr 21, 2020 2:44 PM CDT

At least 19 more law firms cut pay and furlough employees; will partners ultimately benefit?

More and more law firms are cutting salaries, reducing partner compensation, and furloughing or laying off employees because of the novel coronavirus. Since the ABA Journal’s story last Thursday on the trend, at least 19 additional large and midsized law firms have taken temporary measures to reduce costs because of financial uncertainty created by the COVID-19 pandemic.

Apr 16, 2020 3:48 PM CDT

Pay cuts and furloughs continue as more firms trim costs to address COVID-19

Several major law firms announced pay cuts and some furloughs this week, joining at least nine midsize and large firms that took those steps last week.

Apr 9, 2020 1:02 PM CDT

Some corporate lawyers see pay cuts as coronavirus impacts bottom lines

The COVID-19 pandemic is affecting corporate earnings and the compensation of top corporate executives—including some general counsels.

Apr 8, 2020 3:35 PM CDT

BigLaw pay cuts and layoffs are likely to multiply, experts say; which firms are doing it?

Large and midsize law firms responded to economic pressures caused by the COVID-19 pandemic this week with pay cuts, layoffs and lower partner payouts. And it’s not over yet, observers say.

Apr 2, 2020 12:08 PM CDT

Baker Donelson temporarily cuts pay, furloughs some employees because of COVID-19

Baker Donelson is imposing temporary pay cuts, reducing partner draws, and furloughing some employees because of the financial impact of the COVID-19 epidemic.

Apr 1, 2020 10:27 AM CDT

Cadwalader cuts pay, pauses partner distributions because of coronavirus financial impact

The law firm Cadwalader, Wickersham & Taft is imposing temporary pay cuts and pausing partner distributions because of the financial effects of the novel coronavirus crisis.

Mar 31, 2020 4:06 PM CDT

Pay cuts, layoffs, lower partner distributions part of BigLaw response to COVID-19 impact

The economic impact of the novel coronavirus pandemic is hitting BigLaw. “Businesses around the world are bracing for the short-term and potential long-term economic impacts of COVID-19,” said one firm.

Mar 30, 2020 4:56 PM CDT

New leaders share power at Boies Schiller amid lawyer departures and compensation issues

Recent partner defections at Boies Schiller Flexner are a sign of the firm’s natural evolution, according to one of the law firm’s new managing partners, Nicholas Gravante.

Feb 12, 2020 10:46 AM CST

A dozen Boies Schiller lawyers join new boutique law firm

A dozen lawyers from Boies Schiller Flexner have joined with three other lawyers from well-known law firms to create a 15-lawyer litigation boutique.

Jan 16, 2020 2:39 PM CST

Afternoon Briefs: Missing ex-associate died in crash; Harvey Weinstein says his work has been forgotten

Missing ex-Littler associate died in a car crash A former Littler Mendelson associate who was reported missing had died in a car crash, police in Georgia announced Friday. Demetrice Allen’s last day at the law firm was Dec. 2. He was last seen Dec. 6 when he met friends at…

Dec 17, 2019 3:43 PM CST

BigLaw partner who said she worked 3,173 billable hours is suspended for overbilling

A BigLaw partner who relied on her assistant to create first-draft billing records based on her work product has been suspended for six months for overbilling.

Dec 16, 2019 2:52 PM CST