Baker Donelson is imposing temporary pay cuts, reducing partner draws, and furloughing some employees because of the financial impact of the COVID-19 epidemic.
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.
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.
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.
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…
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.
Jones Day has filed a motion seeking sanctions against plaintiffs who filed a $200 million lawsuit alleging that the law firm discriminates based on gender and motherhood.
Most law students earn less money per year after graduation than the amount they borrowed for law school, according to the latest figures from the U.S. Department of Education.
Lawyers make the lowest average salary in Montana and the highest average salary in California, according to data from the U.S. Bureau of Labor Statistics.
More BigLaw firms are announcing associate bonuses after Milbank was the first to reveal on Nov. 7 that it will keep year-end payments the same as last year.
Until law firms focus on understanding and incentivizing their lawyers to focus on “value” as their clients see it, their relationships will become increasingly unstable, says Roya Behnia of BarkerGilmore.
Associates who were hoping that Cravath would set the standard with higher bonuses this year will be disappointed with the law firm’s Monday announcement.
Milbank has beat Cravath to the punch by announcing its associate bonuses Thursday. The scale is the same as last year’s, and the bonuses range from $15,000 to $100,000 and will be paid Dec. 31.
