Monday BigLaw Merry-Go-Round (Apr 20, 2020)
Recent reports on lateral hires, financial data, salaries, and hiring trends in BigLaw.
"Hogan Lovells Trims Summer Program, Delays Partner Distributions," The American Lawyer
"Reed Smith, Greenberg Traurig Take Different Approaches to First-Year Start Dates, Summer Programs," The American Lawyer
"Ogletree Cancels Summer Associate Program," Daily Report
"Summer Associate Programs and COVID-19: How Law Firms Are Responding," The American Lawyer
"Latham Summer Associates Program Lives On, With Pay, But Uncertainties Remain," The American Lawyer
"Troutman and Pepper Cancel Summer Programs, Make Job Offers Amid COVID-19 Disruption," The American Lawyer
"Reed Smith Trims Associate Pay by 15%, Expanding Coronavirus Response," The American Lawyer
"Schiff Hardin Attorneys, Staff Hit With Salary Cuts Up to 50%," The American Lawyer
"No Pay Cuts at Ogletree, but Reduced Hours or Furloughs for Some Employees," Daily Report
"Crowell Cuts Pay, Citing COVID-19 Projections, Aiming to Avoid Layoffs," The American Lawyer
"3 NY Firms Disclose More Layoffs, Furloughs," New York Law Journal
"Greenspoon Marder Combines Layoffs, Pay Cuts, Expecting Revenue Decline," Daily Business Review
"Pay Cuts, Layoffs, and More: How Law Firms Are Managing the Pandemic," The American Lawyer
"'The Idea Is Not to Do This Twice': Mintz Leader on the Fight to Avoid Furloughs, Layoffs," The American Lawyer
"Coping With Post-Merger Pandemic, Faegre Drinker Trims Partner Pay, Proceeds With Integration," The American Lawyer
"Baker McKenzie To Trim Attorney, Professional Salaries by 15% in US," The American Lawyer
"After a Record Year, Venable Cuts Pay, Furloughs Some Staff to 'Prudently Prepare'," The National Law Journal
"Sheppard Mullin Furloughs 33 Staff Members," The Recorder
"Smith Gambrell Cuts Pay for All, but Nixes Layoffs as 'Prudent Management'," The Recorder
"Boston Firms Make Cuts, Program Changes as COVID-19 Continues to Rattle Industry," The American Lawyer
"Kilpatrick Cuts Pay for Lawyers and Staff as Firm Anticipates Revenue Decline," Daily Report
"Fisher & Phillips 'Proactively' Cuts Pay, With Equity Partners Bearing Brunt," Daily Report
"Morgan Lewis Bucks Trend and Raises Salaries as More Cut Pay," Law.com International
"Hogan Lovells Furloughs European Staff, Freezes Recruitment, Defers Partner Profits," Law.com International
"CC Offers £400 Remote Working Allowance as Deloitte Legal Proposes Reduced Hours," Law.com International
"Ashurst Cuts Staff Working Week, Reduces Partner Drawings, Furloughing Staff," Law.com International
"Norton Rose Staff Approve Four Day Week As More Firms Slash Partner Pay, Furlough Staff," Law.com International
"Spanish Firm Raises €20M With Cash Call to Shore Up Finances," Law.com International
"First Quarter M&A Activity Plummets in Latin America as COVID-19 Spreads," Law.com International
"Law Firms Across Africa Respond to the Spread of COVID-19," Law.com International
"Wilmer Grows Profits Per Partner, Revenue Per Lawyer as Head Count Dips," National Law Journal
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By Charlotte Weeks and Shauna C. Bryce, Esq.
About the Authors
Charlotte Weeks, a dual-certified career coach and résumé writer, is the President of Weeks Career Services, Inc. She specializes in helping executives find meaning in their work and advance in their careers.
Providing services of the highest quality, Charlotte begins by assessing each client’s needs and customizing individual solutions. These include writing effective career marketing documents as well as coaching on uncovering opportunities, preparing for interviews, and negotiating salary. She is also an international speaker and a past president of The National Résumé Writers’ Association.
Charlotte has served as a featured expert for media outlets including NBC, Time Magazine, and The Wall Street Journal. She is the author of “I Want to Work in an Association, Now What???: A Guide to Getting a Job in a Professional Association, Membership Organization, or Society”and featured author of “101 Ways to Enhance Your Career.”
For more information, visit: www.weekscareerservices.com
Shauna C. Bryceis a Harvard Law School-educated lawyer who was on the hiring committee of an Am Law 200 law firm. She’s an author of several books, a contributor on legal careers to Forbes, Bloomberg Law, the American Bar Association, Lexis/Nexis, and many more, as well as an affiliate member of NALP and a president emeritus of The National Résumé Writers’ Association.
As one of the country’s best known résumé writers and career coaches, Shauna’s also worked with some of the nation’s top attorneys, who’ve worked places like Google, Dreamworks, Major League Baseball, the U.S. Supreme Court, and the White House. She’s also helped those just starting their legal careers, including law students getting their résumés ready for on-campus interviews (OCIs), summer associate positions, law clerk positions, externships, internships, judicial clerkships, and first-year associate roles. She’s even coached Tier 4 law students to compete with students at Top 5 schools to land high paying jobs in Am Law 100 law firms.
For more information, visit www.brycelegal.com