Thirty-six partners at Dechert are taking pay cuts, but reports that the chairman’s reduced draw amounts to $1 million are wrong, a law firm spokeswoman says.
Ward Bower of consulting firm Altman Weil has been predicting some big changes for large law firms that will affect the bottom line for many associates.
There is no substitute for on-the-job training, and Drinker Biddle & Reath’s plan to pay new associates less and train them more is “a courageous step,” according to one law…
New information about at least one law firm that is further pushing back the start date for incoming first-year associates isn’t yet included in a lengthy list published today by…
New York law firms are unlikely to cut associate salaries that start at $160,000 absent a move by market leaders such as Sullivan & Cromwell; Cravath, Swaine & Moore; Simpson…
In the latest signpost pointing the way toward a possible sea change in associate compensation, the managing partner of a 300-attorney Texas-based law firm says it’s time to cut the…
Contract lawyers are seeing a drop in hourly pay as more laid-off colleagues join their ranks, but there may be a silver lining in the economic downturn for those who…
In the latest announcement of yet another BigLaw firm delaying the start date for incoming first-year associates, Morrison & Foerster has pushed it back from November 2009 to April 2010…
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