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Tag Archives: layoff

‘Medieval’ U.S. law firm pay structure buckles

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. ...

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Recession-proof jobs shelter Bush’s bum lawyers

As hundreds of thousands of laid-off workers sign up for unemployment each month and major employers head for bankruptcy court, many Americans would find it oh-so-nice to land a job guaranteed for life. The United States has no kings or ...

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Bryan Cave lays off 58 attorneys, 76 staff, freezes salaries

Citing a deteriorating economy, Bryan Cave is laying off 58 attorneys and 76 staff members firmwide and freezing salaries for 2009. The steps followed efforts throughout 2008 to slash expenses in an attempt to avoid layoffs. "Over the course of the past year, we implemented a number of measures to reduce our costs," Chairman Don Lents said in an e-mail sent firmwide Thursday. "Unfortunately, the economy has continued to deteriorate, and we have concluded that further steps are necessary to adapt to this business climate."

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