ABA Journal

Layoffs

804 ABA Journal Layoffs articles.

Law Firm Leverage Could Determine Which Associates Get the Ax

Small or medium-size law firms that focus on structured finance and mergers and acquisitions are hardest hit by the credit crisis.

And associates could also take a hit if these…

6 Partners Leave Frisco’s Howard,Rice But Profits Reportedly are Strong

After staff layoffs last year, six longtime partners have quietly left Howard, Rice, Nemerovski, Canady, Falk & Rabkin.

However,…

‘Feeding Frenzy’ Over Expected Lawyer Layoffs at Bear Stearns

Updated: Although it’s not yet confirmed, observers expect that a significant number of the 100 or so lawyers in the compliance department of Bear Stearns Cos. will be laid off…

Thelen Cuts 26 Associates, 85 Staffers

Thelen Reid Brown Raysman & Steiner has confirmed it will lay off 26 associates and 85 members of its support staff.

Co-chairman Stephen…

Law Firm Layoffs: ‘Fewer Than 10’ Let Go at Edwards Angell

Joining an elite group of law firms that have previously announced attorney layoffs in recent months is Edwards Angell Palmer & Dodge.

Chip DeWitt, who is managing partner of the…

What, Me Worry? Not These Law Firm Leaders

Associates appear to be more worried about the economy’s effects than the leaders of law firms interviewed by American Lawyer.

“It’s a strange phenomenon: The level of…

Retire at 50? Many Firms Offer Early Option, But Few Match O’Melveny’s

Corrected: Many law firms offer early retirements to boost profits per partner, but few are setting the floor at age 50, as O’Melveny & Myers recently did.

The law firm…

Sonnenschein Defends Ex-Partner’s Pay in Trial Beginning This Week

A former partner’s $8.5 million lawsuit against Sonnenschein Nath & Rosenthal gets under way this week.

Douglas Rosenthal claims Sonnenschein forced him to retire and underpaid him for work on…

O’Melveny Offers Buyout to Partners Over 50

O’Melveny & Myers is offering a buyout package to older partners, according to a lawyer who is taking advantage of it.

Masood Sohaili told

Jenner & Block Demotes or Ousts at Least 10 More Equity Partners

The Chicago-based law firm of Jenner & Block is pushing at least 10 more partners out of the equity partnership ranks and asking some of the lawyers to leave, sources…

Amidst Layoffs, Some Law Firms Prosper

Updated: Although some law firms are suffering as a result of the current turmoil in the U.S. economy, others are doing fine. One secret to their success: avoiding hot practice…

New Spin on Dechert Layoffs

Today is the deadline for 13 unlucky associates in Dechert’s finance and real estate group to decide whether to accept a severance package or shift to a busier practice area.

Dechert to 13 Associates: You’re Fired ... No, You’re Not

Updated: After notifying 13 real estate and finance associates last week that they were being laid off, apparently because of a slowing economy, Dechert has reportedly changed its mind.

The…

The Wall Street Journal’s General Counsel Is Fired

The Wall Street Journal has axed Stuart Karle, the paper’s longtime general counsel who achieved some important First Amendment victories.

Karle did not disclose why he was fired in a…

Dechert Lays Off 13 Associates (But That’s Not the Final Answer)

Updated: In an apparent response to the slowing economy, Dechert has reportedly laid off 13 associates in offices throughout the U.S.

They work in the Philadephia-based international firm’s real estate…

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