Patton Boggs Adopts New Compensation System
Washington, DC-based Patton Boggs is adopting a new compensation plan for partners, retooling a long-held "eat-what-you-kill" system to reward partner…
Legal News
Former Congressman Joins K & L Gates in DC
One month after retiring from a 20-year stint in Congress, former Representative James Walsh has begun work as a government…
Greenberg Traurig Names 2009 Public Interest Fellows
Greenberg Traurig, in alliance with Equal Justice Works, has named its 2009 Fellows, ten individuals to receive funding though the…
Norton Rose Offers Trainees Cash to Defer Start Dates
Norton Rose has offered trainees due to join the firm in 2009 and 2010 up to £10,000 to defer the…
Taft Stettinius & Hollister Adds 8 to Dayton Office
The Dayton, Ohio office of Taft Stettinius & Hollister has added eight new lawyers. The firm is bringing on all…
Hausfeld Poaches Four UK Lawyers From Former Firm
Hausfeld LLP, which launched in November after Cohen Milstein Hausfeld & Toll voted out name partner Michael Hausfeld, announced this…
Simpson Thacher Assigns Associates Pro Bono Work
New York's Simpson Thacher & Bartlett is sending some of its associates to year-long stints at nonprofit organizations. The firm…
NLJ: Firms Hired Too Many Law School Grads in 2008
The National Law Journal reports that major firms brought on as many new associates in 2008 as they did in…
Cravath Profits Drop Whopping 24%
Am Law 100 firm Cravath, Swaine & Moore saw 2008 gross revenue fall 13%, while profits per partner dropped 24%…
Morrison & Foerster Slashes Bonuses, Freezes Salaries
Morrison & Foerster has frozen associate salaries, and revised its associate discretionary bonuses to as low as $6,000 for 2008.…
Law Firms Target Pro Bono, Diversity for Job Cuts
According to the Legal Intelligencer, law firms are targeting the directors of their pro bono and diversity initiatives when time…
Report: Legal Industry Woes Good for Small Firms
The meltdown of the legal services industry, in the wake of the financial meltdown, is hurting biglaw firms as they…