In February we told you about staff layoffs at Nixon Peabody, and in April we reported on salary cuts. Those salary cuts were billed as a way to save associate jobs in a struggling economy. Now it appears that those cuts were not enough and that Nixon Peabody has been quietly laying off 2nd and 3rd year associates. The affected attorneys are being let go based on performance, but performance in this case may mean there’s not enough business for you to keep up with your billable hours. Unlike earlier cuts, the firm has remained tight lipped about these layoffs, so exact numbers are hard to come by. If you have more information or want to share your own layoff story anonymously, send us a tip here.
The legal profession offers a variety of career tracks, and this guide clearly outlines the nuances of each option. Traditional pathways such as moving from associate to non-equity partner and ultimately equity partner are explained alongside alternative roles including counsel, […]