In terms of salary reductions, we are starting to see the first cracks in the lockstep compensation model.To date, law firms that have cut salaries include:Akerman Senterfitt (-10% across the board) Allen Matkins (-10% across the board)Alston & Bird (-5K across the board)Baker & McKenzie (between 10% and 25% )Blank Rome (between 2% - 5% + 15K across the board )Brownstein Hyatt (-8.5- to 10%% across the board)Bryan Cave (10% across the board)Buchanan Ingersoll & Roone… [read post]

The question is: how many more layoffs will we see in the coming months.LAW FIRM LAYOFF LIST - MAY 2009Law firms that are conducting May 2009 layoffs in their U.S. offices are listed here:Sullivan & Cromwell (15-20 attorneys)Seyfarth Shaw (30 attorneys, 20 staff)Eckert Seamans (119 temp. attorneys by 7/1)Fenwick & West (15 attorneys, 7 staff)Milbank Tweed Hadley & McCloy (49 attorneys, 40 staff)Thompson & Knight (17 attorneys, 25 staff)Ruden McClosky (2 attorneys, 18… [read post]

___________________________________________________________________THE FIRMS:Akin GumpAllen & OveryAndrew KurthArent FoxBaker & McKenzieBaker BottsBallard Spahr Andrews & IngersollBell Boyd & LloydBilzin Sumberg Baena Price & AxelrodBingham McCutchenBlank RomeBose McKinney & EvansBrown Rudnick Berlack IsraelsBryan CaveBuchanan Ingersoll & RooneyCadwalader, Wickersham & TaftCahill GordonCalfee, Halter & GriswoldChadbourne… [read post]