Cleary, Dewey, Milbank cut associate bonuses

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Proskauer Rose makes 60 redundancies

Proskauer Rose has become the latest US firm to announce layoffs, shedding 35 associates and 25 support staff. A statement released by the firm said: “We are taking these actions in response to the worldwide economic crisis, as well as an unprecedented reduction in our historical lawyer attrition rate, which requires that we align our […]

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Ashurst moves staff into energy and transport team

Ashurst has redeployed three corporate and three finance junior associates to its energy, transport and infrastructure (ETI) team as the transactional side of its business has slowed down. In contrast to the core corporate team, the ETI team has been very busy in recent months, requiring significant capacity. One Ashurst corporate partner told The Lawyer: […]

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