Simmons copies Linklaters by slashing client count

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White & Case slashes jobs across international network

White & Case is cutting three per cent of its workforce including a handful of associates in London and around 70 across its US offices. White & Case slashes jobs across international network” />White & Case is making significant layoffs across its US and UK network. The US firm will be reducing its legal and […]

Wall St Woes: Labor data

The dramatic drop in legal jobs last month is an indicator that recession is more than just looming. The US Bureau of Labor Data Statistics monthly employment report paints a bleak picture reporting the first significant year on employment rate drop in a decade (see story). Record layoffs and firm dissolutions have contributed significantly to […]

1

A&O growth rate dips by 39 per cent

Allen & Overy’s growth rate has decreased by 39 per cent according to its 2008-09 half-year results. Allen & Overy’s (A&O) growth rate has decreased by 39 per cent according to its 2008-09 half-year results. The firm, which is the first in the magic circle to post its ;figures, ;generated £548m of fees this half-year […]

Herbies raises associate salaries

Herbert Smith has hiked its associate salaries at the half-year stage with £2,000 being added to annual salaries as of the beginning of November. Newly qualifieds are now on a salary of £66,000 while associates with one year’s post-qualification experience (PQE) will receive £71,000 and those with two years’ PQE will receive £83,000. The move […]

Cadwalader partners to lose $3m from Lehman fund

A group of partners at Cadwalader Wickersham & Taft stand to lose significant sums in an investment made in a Lehman Brothers private equity fund. The news comes as Cadwalader nears the end of a financial year during which it has made two rounds of redundancies and which is expected to result in a significant […]

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