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Law firm Mayer Brown lays off more lawyers
Lawyer News Press |
2010/04/12 09:31
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| pMayer Brown continues to hemorrhage lawyers, despite what the Chicago law firm says are encouraging signs for 2010./ppThe international firm said Thursday that laid off 28 lawyers in its U.S. offices, which represents 3 percent of the approximately 925 U.S. lawyers. The layoffs did not affect partners, only associates and lawyers known as counsel who are not on partnership track./ppMayer Brown also reduced its administrative staff by 47 people./ppThis is the third job reduction since November 2008 at Mayer Brown. The two previous rounds affected at least 78 lawyers. The firm blamed the previous downsizing on the recession, which cut demand for legal services. It said Thursday that demand has bounced back but not enough. In addition, voluntary attrition has dropped, meaning that the firm was overstaffed compared to anticipated demand for legal services this year./ppAlthough most of our practices are performing well, overall demand for legal services has not recovered fully, and in today's tight legal job market, voluntary lawyer departures have been significantly lower than our normal levels, Chairman Bert Krueger said in an e-mail to U.S. offices. A Mayer spokesman provided a copy of the e-mail but declined further comment./ppThe layoffs come as Mayer Brown partners are scheduled to gather in Chicago later this month for the firm's annual meeting./p |
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BofA Merrill, Knight Capital, Franklin Templeton
Lawyer News Press |
2010/04/12 09:28
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| pThe following financial services industry appointments were announced on Monday. To inform us of other job changes, send an email to a href=mailto:moves@thomsonreuters.com.CONSTELLATIONmoves@thomsonreuters.com./ppCONSTELLATION/a WEALTH ADVISORS/ppThe independent multi-family investment company said it hired Christopher Smith as a principal. Smith was a director of the corporate client group at RBC Capital Markets./ppLEGAL amp; GENERAL INVESTMENT MANAGEMENT/ppChicago-based investment manager Legal amp; General Investment Management America said it hired Aaron Meder in a new role as head of U.S. pension solutions. Meder was a managing director and head of asset-liability investment solutions at UBS Global Asset Management./ppMAYER BROWN/ppThe law firm said it hired Dallas Parker from Thompson amp; Knight as a partner in its corporate and securities practice in Houston./ppFRANKLIN TEMPLETON INVESTMENTS/ppThe investment company named Adam Gorlyn vice president of its sovereign funds and supranationals group. Gorlyn worked as a portfolio specialist with the Franklin Templeton Fixed Income group./ppKNIGHT CAPITAL GROUP INC (NITE.O)/ppThe firm named Didier Bankole vice president of sales for its electronic trading group (ETG) in Europe. Bankole joins Knight from NYSE Euronext (NYX.N) where he was in charge of global account management./ppLASALLE INVESTMENT MANAGEMENT/ppLaSalle Investment Management appointed Andy Watson to the newly created role of head of core funds and separate accounts, continental Europe. Watson previously worked as international director in the company's Paris office./ppT. ROWE PRICE GROUP (TROW.O)/ppThe investment management firm named Michael Joehr as a client service executive focused on southern Europe and Switzerland. Most recently Joehr was senior relationship manager with Allianz Global Investors Europe GmbH./p |
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Law firm 'in contempt' over MP legal threat
Lawyer News Press |
2010/02/25 09:11
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pA leading law firm has been found in contempt of the Commons after threatening an MP with legal proceedings if he made allegations about one of its clients in the House. /ppThe Standards and Privileges Committee criticised Withers LLP for failing to realise that John Hemming, a Liberal Democrat backbencher, was protected by Parliamentary privilege. /ppThe firm of solicitors had urged the MP to withdraw what they called defamatory claims about property developer Jeremy Knight Adams. /ppThey later sought an assurance that he would not repeat the allegations in the Commons, saying that without it they would issue proceedings. /ppMr Hemming refused to give the undertaking and advised that the firm's actions might be regarded as contempt of Parliament. Withers dismissed his warning as inappropriate. /ppOnly after consulting counsel, following a further warning from Clerk of the House Malcolm Jack, did Withers accept it had been mistaken and apologised to the Commons and Mr Hemming.
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Stigma of home-based firms disappearing as trend grows
Lawyer News Press |
2010/02/13 09:11
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pFor Stephanie Conner, it’s about independence and fewer distractions. For Alison Rapping, it’s about not paying office rent. And for Jackie Wright, it’s about touting both of those things to prospective clients./ppThe trio are among an increasing number of small-business owners who work out of their homes./ppThey all say economic changes, new technologies and a more personalized approach to client services are blasting away old stereoshy;types, allowing home-based businesses to be taken just as seriously as larger companies with offices and conference rooms./pp“My day is so efficient now,” said Rebecca Golden, owner of Phoenix Web design firm Website Garden. “I literally wake up, brush my teeth and start working.”
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‘America’s Best Law Firms’ Rankings Are Coming in 2010
Lawyer News Press |
2010/01/30 18:09
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pU.S. News and Best Lawyers, the leading survey of lawyers worldwide, announced last year that the two publications have teamed up for an expansion of U.S. News's signature America's Best series to include new rankings of America's Best Law Firms and America's Best Law Firms to Work For./ppWe want to give an update on the status of these new rankings. The ranking projects continue to make progress on the collection of client references and associate references from law firms. The vast majority of America's major law firms have provided the requested information. As with other rankings published by U.S. News, we believe that we will be able to secure from various sources quantitative data concerning those law firms that do not provide the requested statistical data directly to U.S. News and Best Lawyers.
Combined with the qualitative reviews of the firms by clients —more than 50,000 client references have already been accumulated—and qualitative peer-reviews by leading lawyers, this will enable the publication of valid rankings for all major law firms, both large and small, across the United States in the inaugural year. In time, it is expected that an increasing number of the ranked law firms will participate in the process./p |
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