Of course, reducing salaries versus mass layoffs seems like a gentler way to contend with economic issues. — See Also, Fertility Fraud Filings Flourish … And The Facts Get Funkier. Other Biglaw firms are still struggling with what to do about summer associate programs and others are doubling down on pro bono hours in response to the pandemic. this list of resources BCG Attorney Search has created and compiled for you.
Take the Quiz! Are you on the right track? What makes me worried about this theory is that it appears that economic issues caused by the COVID-19 pandemic will not disappear anytime soon. If you’d like to sign up for ATL’s Layoff Alerts, please scroll down and enter your email address in the box below this post. Share.

Get in-depth analysis of current trends in the legal community, profiles of fascinating professionals, academic issues and lifestyle discussions for law school students, and a few out-of-the-ordinary goings on in the world delivered to your inbox. Copyright 2020 American Bar Association. But with no end to the global health crisis in sight, we have to wonder if other Biglaw firms will make similar moves that will leave more lawyers out of work. How a Northwestern Law student uses collective bargaining to help everyone get a better deal. Prepare Yourself for a Happy Retirement. Accounting Health Check. They did, however, respond to the staff cuts: “In response to a fundamental shift across the legal industry in how clients and lawyers interact, Winston & Strawn is forming the Winston Resource Center, a virtual, cross-functional group that will provide 24/7 professional support services for attorneys and clients. This may come as a shock to some, but Baker McKenzie is conducting layoffs. Biglaw [Stealth] Layoff Tracker Due to COVID-19, associates at large law firms face the prospect of layoffs.
Experience: He is also the founder of Student Debt Diaries, a website discussing how he paid off his student loans. Most Biglaw firms never reduced their starting salaries during that time, and salaries at many Biglaw shops remained mostly constant for around a decade. Those laid off include lawyers, other timekeepers and business professionals. Davis Wright had cut equity partner distributions, furloughed 8% of its staff, moved a small number of staff members to reduced schedules, and cut pay.

Other pay cuts ranged from 20% to 5%.

According to their statement, the move is mean to “curb the negative economic impact of the COVID-19 pandemic” and allow the firm to continue serving clients: In response to the tremendous uncertainty brought on by this virus, Womble Bond Dickinson (US) has reluctantly had to make some adjustments to its business during this difficult time. Associate Layoffs, Biglaw, Coronavirus, COVID-19, Layoffs, Staff Layoffs, Stealth Layoffs, Winston & Strawn, A Little LeverEdge Can Save You Thousands On Your Student Loans.

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