Staci Zaretsky is a senior editor at Above the Law, where she’s worked since 2011. Just How How Much Did 2020 Suck For Law Firms? We had this whole piece written on the optimistic assumption that this would be the first full week without a layoff since the end of 2008. A former Special Operations Vietnam vet works as a Chicago cop, and uncovers C.I.A. Subscribe and get breaking news, commentary, and opinions on law firms, lawyers, law schools, lawsuits, judges, and more. Pay cuts, delayed partner distributions and layoffs took place at many law firms this spring in an immediate response to the economic turmoil during the coronavirus pandemic. Press alt + / to open this menu. Learn How The Fortune 500 Saves Millions in Litigation Costs. They write Layoffs by Region We’ve done sporadic reports in this series on particular markets (California, Chicago, and London so far). Get an inside look at the organization that practically invented CLE. Share. Last week, the elite law firm laid off staff members. Not Now. You’ll receive an email notification within minutes of each layoff, salary cut, or furlough announcement that we publish. Above The Law write: This Week In Layoffs: 03.14.09 Saturday, March 14 [Ed. These changes reflect long-term trends in the legal market and have been made with careful thought and consideration for those directly affected by this transition. Last week, the elite law firm laid off staff members. Registration or use of this site constitutes acceptance of our Terms of Service and Privacy Policy. Cleary Gottlieb. Now the real question is, which other firms — even ones without any previous COVID-19 austerity measures — have decided layoffs are the way to go? Law School Alums Looking To Distance Themselves As Much As Humanly Possible From Matt Gaetz, The Grace To Handle Law School While Raising 3 Kids, The Litigation Shaping The Healthcare Industry Landscape, Winter OCI Is Coming — Let’s Keep It That Way, My Interview With SCOTUSblog Cofounder Amy Howe, Cle Alert: New Credit Requirements For New Jersey Attorneys On Diversity, Inclusion, And Elimination Of Bias, Guide for Surviving Your Remote Firm – 2/10 Webinar, Future of Commercial Contracts – 12/18 Webinar, How to Work Remotely With Full Matter and Case Management Functionality, Industry Report: Survival or Evolution Report. Looking Better: Jobs in New York, Kansas City, and Singapore. Email or Phone: Password: Forgot account?
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Virtual Law Practice And Remote Lawyering Made Easy. See more of Above the Law on Facebook. Legal blog Above the Law said a “specialty” of Big Law firms is to react to crises with so-called stealth layoffs, in which they cut lawyer headcount without confirming that they are making economic-based layoffs, and they sometimes justify the move with performance reviews. Are You Helping Or Hindering Your Firm’s Financial Performance? Get an inside look at the organization that practically invented CLE. Tell us in a Flashpoll. Into user-friendly charts and graphs: the layoff news into user-friendly charts and graphs: the Tracker! Teamed up with Law Shucks has done excellent work translating all of the heap could avoid making cuts Top Am... That we publish user-friendly charts and graphs: the layoff Tracker. document! Follows a voluntary severance package that was offered back in June news into user-friendly charts and graphs the! 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