The latest layoffs involve both lawyers and staff, based out of two large legal markets, New York and Washington, D.C….
Bruce N. Saffran
- Biglaw, Federal Circuit, Intellectual Property, Layoffs, Litigators, Partner Issues, Partner Profits, Patents, Secretaries / Administrative Assistants, Staff Layoffs
- Associate Salaries, Biglaw, Lateral Moves, Layoffs, Money, Musical Chairs, Partner Issues, Partner Profits, Patents
The good news: last month, the firm brought associate salaries up to the market scale (i.e., $160K for first-year associates, $170K for second-years, $185K for third-years, etc.). As you may recall from some of our prior coverage, for a time Dickstein was paying below-market salaries, pursuant to a non-lockstep compensation system.
(A pay-related aside: it seems that we never covered the most recent bonus cycle at Dickstein. If you have info you can share, on bonuses or salaries or anything else about the firm, please email us, subject line “Dickstein Shapiro.”)
Now, on to the bad news….