Layoffs

On our recent post about bonuses at Bingham McCutchen, some commenters complained about our coverage of the firm. Here’s what one said: “What this article fails to mention is that NO ONE made their hours, it’s THAT slow. Good job, ATL, for eating whatever it is Bingham pays you to NOT report [on bad goings-on at the firm].”

Actually, we’re perfectly willing to report on negative developments at Bingham (or any other major law firm). Just email us or text us (646-820-8477), and we’ll investigate.

There’s certainly a lot to cover over at Bingham: tumbling profits, partner departures, and unfortunately timed staff layoffs. We’ve collected some reporting from around the web, which we’ve combined with inside information from ATL tipsters at the firm. Let’s have a look, shall we?

double red triangle arrows Continue reading “What’s Going On At Bingham McCutchen?”

When a Biglaw firm gets a new chairman, you can be relatively sure that things are going to change, especially if the firm is in the middle of the pack in terms of size and profitability.

Sure, the firm might have been happy being in its Goldilocks position before, but this is the New Normal. Maybe being not too big, but not too small just isn’t going to work anymore.

This firm may have the urge to merge — it’s already spoken to “three or four” potential partners. As we know, with mergers come reductions in redundancies, and it seems like this firm is looking to slim down to be a more attractive mate.

Which firm are we talking about, and how many heads are expected to roll with its planned cuts?

double red triangle arrows Continue reading “Voluntary Buyout Watch: Stepping On Toes To Prune Personnel”

Interesting things are afoot at Kasowitz Benson these days. Last month, we wrote about the prominent litigation firm’s “benchmark” bonuses — which some tipsters told us were bogus, but other sources defended (see the updates to the post).

Over the weekend, we received a cryptic tip about KBTF: “Kasowitz will be laying off a large number on Monday. From staff all the way up to partner.”

It’s now the end of the business day. Has this prediction come to pass?

(Please note the multiple UPDATES added to this post after its original publication.)

double red triangle arrows Continue reading “Nationwide Layoff Watch: Casualties At Kasowitz Benson”

Just because a firm is a great place to work doesn’t mean people get to work there forever. Our most recent law firm layoff story involved a firm that has been recognized by Fortune magazine and Crain’s New York Business as a top workplace.

Today’s Biglaw layoff story involves a firm that’s even more impressive. This firm has been recognized as a great place to work by Fortune, Crain’s, and Above the Law. In fact, it topped our list of the 12 top rated firms for 2013.

Which wonderful law firm is parting with some people, and why?

double red triangle arrows Continue reading “Nationwide Layoff Watch: More Reorganization, More Layoffs”

As an instructor he’s a bit of a fascist, but you can’t help but feel sorry for Professor Hitler as he finds out that the law school scam is coming to an end. When a law school announced that tenured faculty were on the chopping block, some sharp minds put together a Downfall video to capture the feelings of law professors facing their fears over rejoining the private sector.

Also capturing how much they hate Paul Campos….

double red triangle arrows Continue reading “Even Professor Hitler Is Feeling The Pinch Of Law School Cutbacks”

Wendy Davis

* According to the latest Citi report, the Am Law 50 outperformed the rest of their ilk in terms of net profits and profits per equity partner. As for the rest, ha ha ha, enjoy all of your “modest” returns. [Am Law Daily]

* The ABA’s Standards Review Committee is close to a decision on its bar-exam passage standard for accreditation. It’s tough to protect students and law schools at the same time. [National Law Journal]

* Oh my! Professors at Albany Law are incredibly pissed the school would dare imply they suggested lowering academic standards to put asses in seats and stave off faculty layoffs. [New York Law Journal]

* Wendy Davis has left her position at Cantey Hanger, one of Fort Worth’s largest law firms, to dedicate herself fully to her bid to become Texas’ Next Top Governor. You stand, girl! [Fort Worth Star-Telegram]

* Yuna, a Malaysian pop star with a law degree who’s worked with artists like Pharrell, doesn’t think she’ll be able to fall back on her J.D. now that she’s in America. Funny, because many Americans feel exactly the same way. [Pittsburgh City Paper]

As more and more people discover that law school is not the “get rich quick” scheme that they once thought it was, applications continue to plummet. As of late January, law school applications were down 13.7 percent from where they were in 2013. The loss of student revenue is killing the bottom line at some law schools, and members of their administrations don’t like it one bit.

These ivory tower inhabitants seem terrified and are reacting accordingly, having been forced to deal with the dearth of applicants and enrollees in all sorts of ways. Some law schools are doing the right thing and lowering tuition in the hopes of luring students to their once hallowed halls.

Others are hacking and slashing away at their faculty and staff, just like law firms. First came news of the potential purge of junior faculty at Seton Hall (which was fortunately averted). Next came the staff massacre at McGeorge. Then Thomas Jefferson started handing out pink slips, and all hell broke loose.

Which law school is the latest to announce a possible pruning of its ranks? We’ll give you a hint. This law school is located in New York, a state with 15 law schools to choose from, several of which have been sued over their allegedly deceptive employment statistics…

(Please note the multiple UPDATES added to this post.)

double red triangle arrows Continue reading “Tenured Faculty Cuts Are Coming To A New York Law School — But Which One? And When?”

* Justin Bieber has hired Miami’s Roy Black to represent him in his DUI and drag racing arrest. This news is most welcome to E! who is salivating over the prospect of The Biebs making a cameo on the Real Housewives where Roy’s wife stars. [People]

* Oh, morons. If the police post that they’re looking for you on Facebook, don’t share that on your personal page. [Legal Juice]

* Virginia’s Attorney General, Mark R. Herring, decided to “pull a Holder” and stop enforcing the state’s gay marriage ban. Welcome, Virginia, to the ranks of progressive states like Utah and Oklahoma. [New York Times]

* Slate’s Dear Prudence got a request for advice from a lawyer. To quote our tipster, “This is just the usual tale of (lawyer) boy meets (lawyer) girl, falls in love, and then gets an inferiority complex because she has been more successful than he.” [Slate]

* Why make data-driven decisions, when rash emotional outbursts are so much more fun? Well, Jay Edelson and Chandler Givens explain why clients need to be counseled to make more logical decisions. [Legal Solutions Blog / Thompson Reuters]

* Husch Blackwell kicked off the 2014 layoffs. In a lot of ways, the folks worst off will be the laid off staff. [Law and More]

* Registration is open for this year’s Lawyernomics conference. Our own David Lat will be speaking. [Avvo]

Now that the holidays are behind us, it’s likely that law firm layoffs will resume. Earlier today, we covered a reduction in force at one firm that recently went through a merger.

As you can see from looking through our past coverage of layoffs, many of Biglaw’s biggest names have laid off lawyers and staff over the past year. Prestige and profits are no protection from the grim reaper of jobs.

Which major law firm, recently recognized by Fortune magazine and by Crain’s New York Business as a “best place to work,” will no longer be the workplace of a few dozen employees?

double red triangle arrows Continue reading “Nationwide Layoff Watch: A Reorganization Claims More Jobs”

Happy New Year, Biglaw! After packing on some extra weight last year in the wake of a mid-sized merger, one large law firm is starting 2014 with a resolution to slim down its ranks.

As we all know, with mergers come reductions in redundancies, and this firm took its sweet time to get with the program. Dieting can be a bitch.

Which Biglaw firm just sent more than 20 employees to stand on the bread line?

double red triangle arrows Continue reading “Nationwide Layoff Watch: Ringing In The New Year With Unemployment Woes”

Page 4 of 6612345678...66