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June 20, 2023 | The American Lawyer

Deal Watch: Wachtell Reps the GOAT in Hornets Sale; Confusing Times Continue for Dealmakers

While Wachtell and King & Spalding had a big week in deals, M&A lawyers remain uncertain about the deal market ahead amid continuing signs of uncertainty.
6 minute read
June 20, 2023 | The American Lawyer

Layoffs Are Spreading. After All, There's Only So Much Work to Go Around

A patchy corporate market has created a mismatch between staffing and demand levels at several law firms with broader client bases that stretch beyond the tech sector.
6 minute read
June 14, 2023 | Law.com

In Canada, the Glory Days of Associate Signing and Retention Bonuses Are Over

As U.S. firms shed lawyers, Canadian firms are holding steady and being more strategic in their hiring, says a new salary report.
3 minute read
June 14, 2023 | The American Lawyer

Big Law Continues to Face Layoffs, Deferrals Amid Depressed Demand

Several Big Law firms have announced layoffs and associate class deferrals as they face depressed demand across sectors and geographies.
3 minute read
June 13, 2023 | The American Lawyer

Orrick Lays Off Attorneys and Staff, Defers Incoming Class

The firm is letting go of about 40 associates and 50 staff members due to reduced client demand in some areas and the impact of technology, data and the evolving workplace on the type of support it needs to operate.
2 minute read
June 11, 2023 | Law.com

What a Difference a Year Makes for Law Firm Associates

The power dynamic inside law firms has shifted. Intense talent wars are gone, demand for legal services has dropped, COVID alerts have been canceled and partners once again can call the shots. Associates have lost their leverage — for now. But pendulums swing back and forth. How long can partners maintain the upper hand?
8 minute read
June 09, 2023 | The American Lawyer

Associate Deferrals Reveal Concerns of a Sustained Downturn, Especially in Tech

Deferrals of incoming law firm associates have thus far been tethered to the hard-hit tech sector, yet legal consultants said they wouldn't be surprised to see more firms change course in the coming months.
4 minute read
June 07, 2023 | The American Lawyer

Cooley Delays Some First-Year Associates by Another Year, Reassigns Others as Corporate Slump Continues

The announcement comes just two months after the firm announced in April it would delay its entire incoming class to January 2024.
2 minute read
June 01, 2023 | The American Lawyer

Fenwick Defers Incoming Class as Tech Sector Headwinds Drag On

Fenwick & West is the third tech-focused law firm to defer its incoming class.
4 minute read
May 24, 2023 | The Recorder

Defense Attorneys Question Value of Voluntary Self-Disclosure With SEC, DOJ

Jessica Chan, senior director of government investigations and special matters and litigation at Uber Technologies Inc., said based on her review of the SEC's 2022 year-end report, that "even if a company does everything it can, it may still have a shot at no penalties but will still be charged."
6 minute read

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