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Dewey warns employees that firm could shut down
Signs are now solidly pointing toward the end for New York law firm Dewey & LeBoeuf. Dewey issued advance notice to its employees under the Federal Worker Adjustment Retraining and Notification Act (WARN) last Friday that they may soon lose their jobs if the firm is forced to shutter.Dewey’s potential merger with SNR Denton falls apart
Following Mondays revelation that failing New York law firm Dewey & LeBoeufs management team sent a memo to all of its partners suggesting they seek other employment, things have continued to head south.Jackpot! During Associate Bonus Season, Andrews Kurth Takes Out Its Wallet Twice
Andrews Kurth paid year-end bonuses of up to $100,000 to some of its associates in December 2010. But the firm paid associates an extra $1,000 to $20,000 at year end, because 2010 was such a good year for the firm. Managing partner Bob Jewell (pictured) says the extra bonuses, unlike regular year-end bonuses, were based solely on productivity.New Iran Sanctions Law Gets Global Support
CISADA expands sanctionable activities and increases enforcement.Bonus Amounts, Factors Shift For Associates
Associate bonus amounts for work done in 2009 dropped like rocks at many large Texas firms. Additionally, at some firms the factors used to determine those bonuses became more subjective. Management for at least five large firms in Texas adopted a new system to calculate associate bonuses for 2009, changing longstanding policies of rewarding lawyers simply for meeting billable-hours targets and instead relying on more discretionary, subjective evaluations of associates.Trending Stories
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