Biglaw Firm Decimates Summer Associate Program

Is this the beginning of a trend -- and if so, could it be a good thing? Read more »
64 Comments / / at 9:52 AM
  • Partner Profits

    Proskauer Profits Take a Tumble

    Back in December, we reported that Proskauer Rose laid off 35 associates and 25 staff. We believe that the firm fired first-years as part of the layoffs. Proskauer said it was taking these actions in response to the “worldwide economic crisis.” Yesterday, AmLaw Daily reported that Proskauer partners also felt the pain of 2008: Proskauer […]

    23 Comments / / Feb 24, 2009 at 10:01 AM
  • Bankruptcy, Barack Obama, Dreier, Eric Holder, Federal Judges, Guantanamo Bay, Morning Docket, SCOTUS, Securities Law, Supreme Court

    Morning Docket 02.24.09

    * SCOTUS will look at the separation of church and state when they decide whether “a cross to honor fallen soldiers can stand in a national preserve in California.” [The Los Angeles Times] * Lawyers say Madoff must have had help with his Ponzi scheme. [Bloomberg] * Attorney General Eric Holder visited Guantanamo yesterday to […]

    8 Comments / / Feb 24, 2009 at 8:52 AM
  • Non-Sequiturs

    Non-Sequiturs: 02.23.09

    * Are there true alternatives to layoffs? Well, I suppose people could just quit. [Adam Smith, Esq.] * Dan Slater’s excellent tenure at the Wall Street Journal Law Blog has come to a close. We’re excited to see what he does next, and wish him the best of luck. In the meantime, longtime editor Ashby […]

    40 Comments / / Feb 23, 2009 at 5:27 PM
  • Salary Freeze

    Nationwide Pay Freeze Watch: Pillsbury Two-Step

    Last week, Pillsbury was busy throwing mama from the train. But underneath the layoff news, the firm instituted other cost cutting measures. On Tuesday, Pillsbury decided to freeze salaries. Pillsbury is one of the firms with a two tiered associate payscale. A tipster reports that a number of Pillsbury associates were already receiving below market […]

    51 Comments / / Feb 23, 2009 at 4:34 PM