Robinson & Cole
A decision just handed down by a judge of the Southern District of New York has important implications for law firm dissolutions.
The list of firms cutting associate salaries keeps growing. Yesterday, the Connecticut-based firm Robinson & Cole reduced all associate and counsel salaries by $10,000. According to the Connecticut Law Tribune: On Wednesday, Hartford-based Robinson & Cole, which has about 240 attorneys, confirmed that it has decided to cut associates’ and counsel’s annual salaries by $10,000. […]
My father is a military man. Accordingly, all things in life, from mundane trips to the grocery store to complex life decisions like planning for and choosing a college, was subject to careful, deliberate planning. Digesting evidence and facts was a far better road than the proverbial “crossing of fingers” and trusting that “it will all work out for the best.” Former NYC mayor Rudolph Guiliani said it best when he announced that “Hope is not a strategy.”
I was reminded of this adage when reading a few industry reports compiling data points about corporate legal departments and the ever –increasing complexity of the regulatory environment. Here are some shockers:
Let’s start with the good news. Robinson & Cole, a well known Connecticut-based firm, has named a new managing partner. John B. Lynch (Holy Cross undergrad, UVA law school) was elected managing partner of the firm yesterday. Congratulations. Sadly, it appears that one of his first acts was to layoff associates and staff. Thirty people […]