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Shearman & Sterling Lay Off Lawyers As Market Conditions Bite

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Shearman & Sterling have confirmed that they had to let go of 38 employees which include 26 business services team members and 12 associates mainly focused on transactional practices. The New York-based firm says this was necessary to adjust to changing market conditions, which continue to show challenging times ahead, as per the recent Thomson

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London’s Big Law Firms Brace for Economic Downturn and Rising Recruitment Costs

The lessons of the GFC when law firm headcounts went down have seen Big Law firms in London resist the temptation to cut staff numbers as transactions drop in number and law firm revenues look more shakey. The intense heat of the London legal market and the pressure of the so-called ‘Cravath Scale’ involving dollar-for-dollar

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Gender Equality Advocate Named First Female President of International Bar Association in Two Decades

After a 20 year gap, the International Bar Association has elected its first woman president, appropriately reflecting the IBA’s own research on the need for greater gender equality in the legal profession. The new IBA president is Spanish lawyer Almudena Arpón de Mendívil y Aldama who is only the second woman in the Association’s 76

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K&L Gates Expand to Dublin With 48th Office and High Profile Irish Lawyer

Gayle Bowen moves to K&L Gates to open new Dublin law office

K&L Gates have expanded to Dublin with their 48th office opening, hiring three senior asset manager and investment funds lawyers from firms including Pinsent Masons’ founding partner Gayle Bowen and two other firms. In a statement from K&L Gates, the firm said further lawyers would be employed over time. “As the only major AMIF market

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