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Milbank Lays Off 49 Associates, 40 Staff

published May 12, 2009

By CEO and Founder - BCG Attorney Search left
Published By
( 38 votes, average: 4.9 out of 5)
What do you think about this article? Rate it using the stars above and let us know what you think in the comments below.
05/12/2009

Milbank Lays Off 49 Associates, 40 Staff


New York City-based Milbank has laid off 49 associates and 40 staff.

The layoffs took place across the firm, but the corporate practice was especially hard hit.

Another 50 lawyers may see pink slips next month.

New York’s Milbank, Tweed, Hadley & McCloy LLP has offices in Washington DC, Los Angeles, London, Frankfurt, Munich, Tokyo, Hong Kong, Singapore and Beijing. Milbank is a global law firm, with approximately 550 lawyers, who provide a full range of financial and business legal services to many of the world’s leading financial, industrial and commercial enterprises, as well as governments, institutions and individuals.

CMS Cameron McKenna to Cut 80, Reduce Pay
London’s CMS Cameron McKenna has announced a redundancy consultation at its headquarters, targeting 80 jobs.

Twenty fee earners and 60 non-fee earners may be laid off.

Other personnel are being offered the choice of either a four-day week at reduced pay, or a sabbatical of up to 12 weeks at reduced pay. They can also extend their vacation by two weeks.

In addition, some lawyers may choose a six-month sabbatical at cut pay with two 10-week expeditions to developing countries; or a six-month sabbatical at 20% pay to take an executive development course; or a six-month sabbatical in a CMS alliance firm at 50% of pay, with accommodation and living expenses covered.

CMS Cameron McKenna LLP is a London-based international law firm with over 130 partners, and offices throughout the United Kingdom and Central and Eastern Europe.

Thompson & Knight Lays Off 42; Defers Start Dates
Texas’ Thompson & Knight has laid off 17 associates, including two first-years, and 25 staff.

The layoffs targeted the real estate and corporate practices.

The firm has also pushed back start dates for its incoming associates to January 2010.

Thompson & Knight was founded in 1887. It employs approximately 400 attorneys between its Texas and New York offices. It has global offices in Algeria, Brazil, France, Mexico, and the United Kingdom.

Alternative Summary

Harrison is the founder of BCG Attorney Search and several companies in the legal employment space that collectively gets thousands of attorneys jobs each year. Harrison’s writings about attorney careers and placement attract millions of reads each year. Harrison is widely considered the most successful recruiter in the United States and personally places multiple attorneys most weeks. His articles on legal search and placement are read by attorneys, law students and others millions of times per year.

More about Harrison

About LawCrossing

LawCrossing has received tens of thousands of attorneys jobs and has been the leading legal job board in the United States for almost two decades. LawCrossing helps attorneys dramatically improve their careers by locating every legal job opening in the market. Unlike other job sites, LawCrossing consolidates every job in the legal market and posts jobs regardless of whether or not an employer is paying. LawCrossing takes your legal career seriously and understands the legal profession. For more information, please visit www.LawCrossing.com.

published May 12, 2009

By CEO and Founder - BCG Attorney Search left
( 38 votes, average: 4.9 out of 5)
What do you think about this article? Rate it using the stars above and let us know what you think in the comments below.

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