Akerman Senterfitt has announced the firm’s need to cut associate pay by 10 percent. Akerman contests that it was either this or cut jobs. It is also in the works to switch from lockstep compensation increases to raises based on merit.
Source: www.nylj.com
Tags: Akerman LLP
Troutman Sanders has announced that it is hiring an Intellectual Property group from Dreier. Five IP attorneys will join Troutman in New York. Senior Patent attorney Albert Jacobs Jr. first brought the group from Greenberg Traurig to Dreier in 2007. Only a year and half later, the namesake of the firm, Marc S. Dreier was arrested for fraud and later sentenced for up to 20 years. In addition to Jacobs, Gerard Diebner and Daniel Ladow join the firm as of counsel bringing along two associates.
Source: www.law.com
Tags: Troutman Pepper Hamilton Sanders LLP | New YorkAndrews Kurth LLP has gained a partner in Dallas. Marc D. Katz is joining as a partner in the Labor and Employment department. Katz brings with him, Cristina I. Torres as an associate to the Dallas office.
Source: www.prweb.com
Tags: | Dallas
An Intellectual Property group of 7 has moved from Proskauer to Perkins Coie. The group consists of four partners and three associates as well as a technical specialist. The partners are: Colin Sandercock, Paul Booth, John Isacson, and David Laub. This is not their first move together. The started at Foley & Larder, jumped to Heller Ehrman in 2000, and in 2006, moved together to Proskauer.
Source: www.amlawdaily.com
Tags: Perkins Coie LLP
Less than a week has passed since Baker & McKenzie announced China layoffs of 11%, the firm has hired Steven Sieker. Sieker joins the Hong Kong office as a tax partner. This will actually be the second time Sieker has joined Baker & McKenzie. He worked there from 1998 to 2004.
Source: www.asialegalbusinessonline.com
Tags: Baker McKenzie | Hong Kong
Linklaters has nixed the “Project New World” slogan the firm took on to describe the recent lay-offs when the firm laid off of about 50 partners and 200 lawyers. It is believed that the firm felt that the phrase had taken on a negative connotation.
Source: www.thelawyer.com
Tags: Linklaters LLPChristopher Cox, formerly U.S. Securities and Exchange and Republican Congress Member for 17 years, is set to join Bingham McCutchen. Cox joins the firm’s Costa Mesa office as a partner in September. He will become a member of Bingham McCutchen’s corporate, merger and acquisitions group.
Source: www.nylj.com
According to Lawshucks.com, 12,829 employees of law firms have been laid off nationwide since July 5. 4,985 of those were lawyers. Florida, too has been feeling the weight of the economic slump. Holland & Knight, based in Tampa, is one of the top ten biggest law firms letting go of the most people. Lawshucks.com posts a ‘layoff tracker” detailing that Holland has let 70 attorneys and 243 support staff go. Ruden McCloskey, headquartered in Fort Lauderdale, has laid off 8 attorneys recently as well as 18 staff. Luckily enough, Tallahassee has not been affected by the recession as it seems the rest of Florida, the US, and the world has.
Source: www.jaxobserver.com
Morgan Lewis has announced that it is closing the summer associate program in 2010. This is a complete turnaround from what the firm told AMLaw Daily just two months ago: they were preparing to recruit 2010 summer associates. It would not be surprising if other BigLaw firms follow suit.
Source: www.blogs.wsj.com
Tags: Morgan, Lewis & Bockius LLP
Orrick Herrington & Sutcliffe has constructed a new corporate ladder. This new model will advance associates when they deserve to be advanced. Sounds crazy, huh? Instead of moving up attorneys when they have put in the time, skill will be the main factor from now on at Orrick. An associate must illustrate the mandatory criteria to advance to managing associate and to senior associate.
Source: www.thelawyer.com
Tags: Orrick, Herrington & Sutcliffe LLP
