U.S. law firms, including Orrick, Herrington & Sutcliffe; Shearman & Sterling; and WolfBlock, are abandoning tradition as they cut costs in the deepening recession by imposing merit pay, slashing salaries and generally putting an end to decades of associate entitlement. ...

Tagged with: DLA Piper Holland & Knight Latham & Watkins layoff Orrick Herrington & Sutcliffe recession Shearman & Sterling White & Case WolfBlock

Latham & Watkins, the fourth-largest U.S. law firm, is offering incoming lawyers $75,000 to take the year off. Latham, which fired 190 lawyers and 250 staff last week, said it is pushing back the start date for all incoming lawyers ...

Tagged with: Baker & McKenzie DLA Piper first-year lawyers Latham & Watkins law firm layoff Lovells Norton Rose Robert Dell

Latham & Watkins, the fourth-largest U.S. law firm, fired 190 lawyers and 250 staff as the economic slump erodes demand for its services. The cuts, amounting to 12 percent of the firm’s associates and 10 percent of its paralegals and ...

Tagged with: DLA Piper economy Latham & Watkins layoff