Reports in London indicate that salaries in the high-paying London legal world, including the much-vaunted Magic Circle law firms, could fall as a result of the Coronavirus pandemic and remote working. Several senior law firm partners are suggesting that paying remote workers hardly requires the high-paying salaries given that they are working remotely. In June […]
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Latest Law Careers Information on LawFuel
Cutbacks From Skadden Arps and Other Big Law Firms
US law firms continue to announce layoffs with recruiters and others saying more layoffs lie ahead with overcapacity among noneqjuity partners. One of the issues is that lawyers working from home are less reliant upon staff members at law firms. Altman Weil principal Eric Seeger told Law.com that he has spoken with about three dozen […]
7 Developing & Lucrative Non-Law Careers For Lawyers
Dan Garner – The pandemic and increasing law career options mean more lawyers than ever are seeking non-law careers, a law degree providing an ideal base for developing work in a wide range of fields, but there are some developing areas of opportunity for lawyers, with seven we have identified below. We have written on […]
Linklaters Make Latest Cuts for NQ Lawyers as Heady Pay Increases Slow Due to Pandemic
The COVID pandemic continues to eat into newly qualified (NQ) solicitors’ pay rates with Linkaters being the latest major law firm to announce further cuts to pay – this time a 10 per cent reduction. In June Allen & Overy and Clifford Chance both cut NQ rates by 10 per cent as a result of […]
Less Money For NQ Lawyers in London . . But There Is A Silver Lining
Sad but true. Newly qualified lawyers in the UK are up for more pay cuts as firms like Clifford Chance, Allen & Overy, Slaughter and May and Hogan Lovells have all announced salary reductions for solicitors qualifying this autumn, while the jury is out for firms like Linklaters who are still in pay discussions. The […]
Goodwin Procter’s ‘Stealth Layoffs’ For Associates
Jennifer Bridges – Big Law firm Goodwin Procter is apparently implementing layoffs by stealth according to reports. The firm, which grosses over a billion dollars in revenues, is reportedly cutting associates, having already reduced staff numbers. Using ‘stealth tactics’, the firms can reduce employee numbers almost undercover where they avoid referring to cutbacks that relate […]
Lawyers Pick Up Summer Program Cash – But Either Virtual Or No Programs On Offer
The coronavirus crisis has seen many law firms cancel their summer intern programs, but many firms are continuing to pay their associates as much as $3600 a month despite reducing their summer intern programs. The pandemic has created a range of reactions from law firms, which would normally see market leaders set the framework for […]