Christine Simmons writes about the New York legal community and the business of law. Email her at [email protected] and find her on Twitter @chlsimmons
September 17, 2020 | Pro Mid Market
Living by the Lease, Law Firms See New Complications in Office MovesFirms have seen their tech costs rise dramatically rise amid remote work – putting more strain on the decision of whether to stick together under a new lease.
By Christine Simmons
5 minute read
September 17, 2020 | The American Lawyer
Milbank Matches Bonus Scale, But Will Pay Out Extra Money for Top PerformersThe firm's move, following Davis Polk's announcement, will likely spur other law firm partnerships to consider matching. The bonus comes on top of what the firm plans to offer at year-end, which it says will likely equal last year's year-end bonus.
By Christine Simmons
3 minute read
September 14, 2020 | New York Law Journal
Wall Street Law Firms Join Corporate Clients in Letter to NYC MayorLeaders of such firms as Davis Polk, Shearman & Sterling, Debevoise & Plimpton, Sullivan & Cromwell and Skadden all signed a letter to Mayor Bill de Blasio.
By Christine Simmons
3 minute read
September 14, 2020 | The American Lawyer
Cleary M&A Veteran Heads to MilbankNeil Whoriskey arrives at Milbank in a year when the firm's revenues are up by double digits, the firm's chairman said.
By Christine Simmons
4 minute read
September 11, 2020 | The American Lawyer
Davis Polk's Changes Highlight Increasing Focus on Partner Comp During PandemicThe firm's partner compensation system—from the highest paid to the lowest paid—has been roughly 3-to-1 in recent years, from roughly $6 million to about $2 million.
By Christine Simmons
6 minute read
September 10, 2020 | The American Lawyer
Davis Polk Changes to Modified Lockstep Compensation for PartnersThe firm said its new system "recognizes and rewards the entirety of a partner's contributions."
By Christine Simmons
2 minute read
September 03, 2020 | The American Lawyer
Get Comfortable at Home: Big Firms Plan to Allow Remote Work for Rest of YearSeveral firms said they expect office attendance to be required sometime in 2021, but others said remote work would continue "indefinitely" or until a coronavirus vaccine is in place.
By Christine Simmons | Patrick Smith | Dylan Jackson | Brenda Sapino Jeffreys
6 minute read
September 02, 2020 | National Law Journal
Group Move Prompts Two Different Narratives From Crowell and SquireThe developments brought into plain view how differently law firms seek to portray lateral exits and arrivals.
By Christine Simmons
4 minute read
September 01, 2020 | The American Lawyer
Layoffs Hit Two Am Law 100 FirmsDavis Wright said its layoffs were "not a cost-cutting measure," while Baker McKenzie said the firm "felt the impact of increased market and business disruption around the world."
By Christine Simmons
4 minute read
August 31, 2020 | New York Law Journal
After Layoffs, Goldberg Segalla Seeks to Rehire, Rolls Back Pay CutsThe Buffalo-based firm couldn't comment on how many people may ultimately be rehired, but a spokesman said hiring was "continuing as we evaluate our needs."
By Christine Simmons
3 minute read
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