Wednesday, April 30, 2008 10:04 AM - By Kashmir Hill
Last week, we reported on rumors of layoffs in the Atlanta and D.C. offices of Sutherland Asbill & Brennan. The post has amassed over 400, um, informed comments.
The fact of layoffs has now been confirmed by the firm. Although Sutherland never responded to ATL's inquiries, it did talk to Meredith Hobbs, who has this article in the Fulton County Daily Report. The number of firings was lower than rumored, with maybe 8 attorneys let go from the Atlanta office and maybe 7 from the D.C. office. (Managing partner Mark Wasserman uses a lot of modifiers: "fewer than," "about," etc.)
The legal tabloid AbovetheLaw.com sparked a firestorm of rumors when it reported Friday that Sutherland Asbill & Brennan was laying off 30 to 40 associates firmwide.Sutherland's managing partner, Mark D. Wasserman, acknowledged that the 480-lawyer firm has cut its associate ranks. But he said the firm has asked fewer than 15 associates to leave, with about eight associates affected in the Atlanta office.
Wasserman said the cuts were based on "several factors," "including the slowing economy, plus associate and practice group performance."
The firm says it still plans to bring in all of its summer associates and attorneys starting in the fall. But there's this warning about the future from legal recruiter Melba Hughes:
“I think we're going to see law firms tighten their belt throughout the region. It's a natural course of events given the period we've just gone through,” she said.That could mean law firms reduce head count through layoffs, attrition, more cautious hiring and “by looking for new and creative ways to manage their workloads,” said Hughes, which could mean using more contract and staff attorneys instead of partnership-track associates.
The firm did not comment on the herpes rumors.
In The Trenches: Sutherland trims associate ranks [Fulton County Daily Report]
Earlier: Nationwide Layoff Watch: Sutherland Asbill & Brennan
Friday, April 25, 2008 3:12 PM - By Kashmir Hill
Rumors are circulating about layoffs in the D.C. and Atlanta offices of Sutherland Asbill & Brennan. We reached out to the firm for comment, but they have not responded yet. This is what we have heard.
One ATL tipster says:
Just curious about whether ATL had heard that Sutherland, Asbill, and Brennan had laid off a bunch of folks (expected to be between 32 and 40, when it's all said and done) in the Atlanta and DC offices. Apparently it's been handled pretty poorly and has obviously left a lot of associates in the lurch, both those fired and the remaining people who are waiting for the other shoe to drop.
Another tipster says:
I've heard a few rumors (well, verified facts rather) about massive layoffs in Sutherland's DC and Atlanta offices recently. Rumors put the number at over 30 attorneys, including very junior attorneys. Put out the call and reveal the mystery that is the Sutherland Slaughter!
If you have any info to share, please email us. Thanks.
Friday, September 14, 2007 10:00 AM - By David Lat
We broke the news of the Kilpatrick Stockton pay raise earlier this month. Today's Fulton County Daily Report has an article about it here.
The Kilpatrick move is old news -- it was actually announced before Labor Day -- but Meredith Hobbs's piece does contain a helpful summary of where the big Atlanta firms stand:
Alston & Bird sparked this round of Atlanta pay raises on Aug. 1 when it increased associate pay across the board, starting at $145,000 for first-years and rising to $190,000 for seventh years—the same scale that Hunton & Williams instituted in February during the year’s first round of associate salary increases. At that time, most of the city’s big firms increased first-year pay from $115,000 to $130,000. That followed a similar $15,000 pay increase at the beginning of 2006, also sparked by Alston.Other firms that have announced they will raise local first-year pay to $145,000 in January include Troutman Sanders, Sutherland Asbill & Brennan and Paul, Hastings, Janofsky & Walker. Jones Day will raise first-year pay to $150,000 at that time.
Kilpatrick first-years join the $145K club [Fulton County Daily Report]
Earlier: Nationwide Pay Raise Watch: Kilpatrick Stockton
Thursday, September 6, 2007 12:00 PM - By David Lat
The devoted readership of ATL down in ATL will appreciate this update. From an article by Meredith Hobbs in yesterday's Fulton County Daily Report:
More law firms have capitulated in Atlanta's second round of pay raises this year.Jones Day will raise starting pay to $150,000, and Sutherland Asbill & Brennan and Paul, Hastings, Janofsky & Walker will go to $145,000 -- an increase of $15,000 at each firm.
The raises are effective Jan. 1, 2008, when pay raises go into effect at several other Atlanta firms, including Alston & Bird, King & Spalding and Troutman Sanders.
The rest of the article, which contains discussion of salaries for more senior associates (compression!!! aargh!!!), is available here.
Three Law Firms Pump Up Pay for First-Years [Fulton County Daily Report]
Friday, August 17, 2007 8:00 PM - By David Lat
The person maintaining this Atlanta List of Shame needs to update it. The starting salary in the Atlanta office of Sutherland Asbill & Brennan is now $145,000 (effective January 1, 2008). The firm has also raised first-year salaries to $160,000 in Houston and Washington, DC (effective September 1, 2007).
For more senior associates, things are a little trickier. The firm will be using a "deferred salary" model, a la Vinson & Elkins.
For details, consult the memo, which appears after the jump.
Continue reading "Nationwide Pay Raise Watch: Sutherland Asbill & Brennan"
Friday, June 8, 2007 4:10 PM - By David Lat
The day that many of you have been waiting for has arrived. Today ATL goes to ATL: the fair city of Atlanta!
Based on NALP forms and prior news articles, it seems that starting salaries in the Big Peach generally range from $130,000 and $145,000 (similar to Philadelphia).
At $130K: Alston & Bird; Arnall Golden Gregory; King & Spalding; Kilpatrick Stockton; McKenna Long & Aldridge; Morris, Manning & Martin; Paul Hastings; Powell Goldstein; Smith Gambrell & Russell; Sutherland Asbill & Brennan; Troutman Sanders; Womble Carlyle.At $135K: Jones Day
At $145K.: Dow Lohnes; Hunton & Williams; McGuireWoods; Schiff Hardin.
At $160K: Fish & Richardson (IP work).
Feel free to discuss associate compensation, or any other hot issues in Hotlanta, in the comments. Thanks.
New lawyers' pay puts public sector to shame [Atlanta Journal-Constitution]
Alston & Bird Raises First-Year Pay Yet Again [Fulton County Daily Report]
Hunton raises first-year salaries to $145,000 [Fulton County Daily Report]
Related: Open threads focused on Denver, Hartford, Philadelphia, Seattle, New Jersey, Phoenix, Charlotte.
Wednesday, October 18, 2006 4:15 PM - By David Lat
The only noteworthy moves today come from Texas. Oh well, at least yesterday was busy.
Lateral Moves:
* Corporate lawyers Paul Bishop, T. Alan Harris, Annette Trip, and Don Wood, to Sutherland Asbill & Brennan (Houston), from Locke Liddell & Sapp.
* A pair of Geralds -- Gerald Pels, and Gerald Higdon -- to Sutherland Asbill (energy and environmental), from Locke Liddell & Sapp.
New Partners/Principals:
* Dechert (Austin): Intellectual property lawyer Steven Daniels.
* Baker & McKenzie (Dallas): Litigator Elizabeth Yingling.
Lone Star Lawyers On the Move [NYLawyer.com]
Women on the Move [Dallas Business Journal]