Originally posted here: http://www.law360.com/articles/101655 By Julie Zeveloff Law360, New York (June 26, 2009) — For law firms looking to cut costs and stave off overstaffing in a slow market, deferring the start dates for incoming associates may seem like a quick fix. But down the road, deferral programs could cause major woes for firms and [...]
Read moreOriginally published here: http://www.law360.com/articles/101648 By Shannon Henson Law360, New York (June 25, 2009) — As the economic downturn decimates mutual funds and the real estate market, more partners are delaying retirement — a development that could create mentoring and other opportunities for younger lawyers, but also could mean that law firms are putting off succession [...]
Read moreOriginally published here: http://www.law.com/jsp/law/careercenter/lawArticleCareerCenter.jsp?id=1202431845167&src=EMC-Email&et=editorial&bu=Law.com&pt=LAWCOM%20Newswire&cn=NW_20090630&kw=Law%20Firm%20Apprentice%20Programs%20Add%20Extra%20Step%20for%20New%20Associates After three years of law school, a hundred grand of debt and weeks sweating out a bar review and exam, it’s time to start practicing law in earnest, right? At a handful of firms, the answer is fast becoming “not yet.” These firms are putting new recruits through additional apprenticeship programs [...]
Read moreOriginally posted here: http://www.nytimes.com/2009/06/07/nyregion/07law.html // In his two years as chairman of White & Case, the venerable Wall Street law firm, Mr. Verrier had already laid off 70 young lawyers and shuttered offices in Bangkok, Dresden and Milan. He had watched top partners flee to competitors and suffered a depressive 2008 holiday party at Cipriani’s, [...]
Read moreOriginally published here: http://www.law360.com/articles/101695 By Shannon Henson Law360, New York (June 04, 2009) — Legal industry observers predict that the lateral market will continue to be hot for the foreseeable future, in part because the downturn has provided partners with some compelling reasons to leave their firms. Some of the tried and true reasons attorneys [...]
Read more