Profits per equity partner have fallen by 23 percent at Fried, Frank, Harris, Shriver & Jacobson, nearly matching the 24 percent drop at Cravath, Swaine…
Morgan & Finnegan filed for bankruptcy protection yesterday, as news reports emerged that its bank accounts had been frozen and its severance checks were…
A judge has issued an injunction barring Morgan & Finnegan from selling or transferring assets in a suit claiming the dissolved law firm defaulted on its loan agreement.
Snowballing layoffs may be evidence more of a herd mentality than a careful evaluation of costs and benefits, according to a business school professor.
The U.S. Department of Justice has filed a federal law suit against an Indiana law firm, contending that Mike Norris & Associates unlawfully refused to re-employ a former staff attorney…
While some legal news services and blogs remain transfixed by the never-ending deluge of law firm layoffs (the 12-day tally of axings tops 3,000) others have…