Associates

2174 ABA Journal Associates articles.

Excel Error by a Cleary Gottlieb Associate Alters Lehman Asset Deal

A first-year associate at Cleary Gottlieb Steen & Hamilton made an Excel reformatting error that mistakenly added 179 contracts to an agreement to buy Lehman Brothers assets, according to a motion filed with a New York bankruptcy court on Friday. Cleary Gottlieb Steen & Hamilton represents Barclays Capital Inc. in…

Oct 16, 2008 11:31 AM CDT

Report: Sonnenschein Axes 60

Chicago-based Sonnenschein Nath & Rosenthal reportedly laid off 60 associates and staff today. The layoffs are being executed at a national level, without input from local offices, the law blog Above The Law reports as part of its Nationwide Layoff Watch. When asked by the ABA Journal about the layoff…

Oct 15, 2008 10:35 PM CDT

Firms Snap Up Partners from Hot Heller Practices; Associates Struggle

While many Heller Ehrman partners have found safe havens in other BigLaw firms, often bringing their substantial client bases with them, intellectual property litigators and insurance recovery groups appear to be among the most popular lawyers at the party. “It certainly helps to be in a robust practice area if…

Oct 15, 2008 10:17 PM CDT

Many Heller Associates Have Trouble Landing New Jobs

Associates at the dissolving law firm Heller Ehrman are facing a tougher time landing new jobs than partners. About a fourth of Heller’s associates have announced they are moving to new firms, but others in hard-hit practice areas are finding the job market is difficult, the National Law Journal reports.…

Oct 15, 2008 2:30 PM CDT

Clifford Chance Lays Off 20 Associates in N.Y. and D.C.

Despite expectations of more litigation work because of the global financial crisis, the work hasn’t yet materialized. So one of the world’s biggest law firms has laid off 20 U.S. litigation associates because of market conditions. The Clifford Chance associates, most of whom graduated from law school less than six…

Oct 14, 2008 9:56 PM CDT

At Least 100 Heller Employees Laid Off on Friday

Updated: Two e-mails were dispatched to Heller Ehrman employees last Friday. One informed the recipients they were being asked to continue working at the law firm, for now. The other had bad news for at least 100 staffers: It was their last day at the firm. Both the Recorder and…

Oct 13, 2008 10:56 AM CDT

Summer Associate Gripes: No BlackBerrys, Too Much Food and Booze

Summer associates surveyed by American Lawyer were relatively happy with their experiences, giving their firms an average score of 4.541 on a 1-5 scale. They earned an average of about $3,000 a week and said, on the whole, that they were getting more interesting work. But that didn’t stop the…

Oct 9, 2008 2:00 PM CDT

Don’t Worry, Some Firms Tell Attorneys, But Many Are Cutting Costs

As some law firms react to worldwide financial turmoil by calling meetings to tell partners and associates, essentially, “Don’t Worry, Be Happy,” many—including a number of those holding the meetings—are also focusing on cost-cutting. Expenses that are being scrutinized include rising office rent ($40 per square foot is now common),…

Oct 8, 2008 8:49 PM CDT

What Michelle Obama Didn’t Like About Working at Sidley Austin

A new biography about Michelle Obama discusses in detail what she didn’t like about her job, early in her career, as an associate attorney at Sidley Austin. Ambitious and eager for responsibility, she found a number of assignments unexciting, reports the Chicago Sun-Times, summarizing a lengthy Sunday magazine article in…

Oct 6, 2008 4:45 PM CDT

Dechert Lied in Job Interview, Ex-Associate Claims

Former Dechert associate Marc Lubin has filed suit against the firm, claiming it lied to woo him to join the firm from Skadden in 2002, then fired him in part because he is an Orthodox Jew. He made the move—even though it meant taking a 20 percent pay cut from…

Oct 3, 2008 8:50 PM CDT

Jenner & Block: Profits Will Rise in 2008

Managing partner Susan Levy of Chicago-based Jenner & Block has predicted her firm will see both revenues and profits rise this year, despite the Wall Street crisis. Revenues and profits are up so far this year, compared to the same period in 2007, she told partners and associates in separate…

Oct 3, 2008 5:33 PM CDT

Rick Eid: How I Quit the Law to Write for ‘Law & Order’

Becoming an associate at Skadden Arps Slate Meagher & Flom was initially a dream job for Rick Eid. And much of that dream came true, Eid writes in a Forbes. He made partner—not at Skadden, but at Manatt Phelps & Phillips, in Los Angeles. And when he decided to make…

Oct 2, 2008 3:28 PM CDT

Savvy Associates Disdain E-Mail, Probe Firm’s Economic Underpinnings

Associates should learn about their law firm’s economic underpinnings, according to a lawyer who helped create professional development and training programs at his prior firm. Writing in Legal Times, Jenner & Block partner Eric Jackson says savvy associates ask their firms about the strength of regional versus home offices, their…

Oct 2, 2008 12:33 PM CDT

Midlevel Minority Associates at Big Law Firms Have More Debt, Lower Bonuses

Midlevel associates at large law firms who are black and Hispanic appear to be at a financial disadvantage, according to a study by the Minority Law Journal. When compared to their white and Asian counterparts, these minority associates have more debt and lower bonuses, the Minority Law Journal reports in…

Oct 1, 2008 12:23 PM CDT

More Law Firms Specify How Part-Time Associates Can Make Partner

Associates on flex-time or part-time schedules can consult official policies on how they can still make partner at an increasing number of large law firms. Fish & Richardson, Morrison & Foerster and Ropes & Gray all recently adopted or revised policies detailing the path to partnership, the National Law Journal…

Oct 1, 2008 11:56 AM CDT

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Associates

Excel Error by a Cleary Gottlieb Associate Alters Lehman Asset Deal

Report: Sonnenschein Axes 60

Firms Snap Up Partners from Hot Heller Practices; Associates Struggle

Many Heller Associates Have Trouble Landing New Jobs

Clifford Chance Lays Off 20 Associates in N.Y. and D.C.

At Least 100 Heller Employees Laid Off on Friday

Summer Associate Gripes: No BlackBerrys, Too Much Food and Booze

Don’t Worry, Some Firms Tell Attorneys, But Many Are Cutting Costs

What Michelle Obama Didn’t Like About Working at Sidley Austin

Dechert Lied in Job Interview, Ex-Associate Claims

Jenner & Block: Profits Will Rise in 2008

Rick Eid: How I Quit the Law to Write for ‘Law & Order’

Savvy Associates Disdain E-Mail, Probe Firm’s Economic Underpinnings

Midlevel Minority Associates at Big Law Firms Have More Debt, Lower Bonuses

More Law Firms Specify How Part-Time Associates Can Make Partner

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