Seyfarth Shaw has told half of its deferred associates that they will not be starting in January as planned. Instead, they are being redeferred to October 2010, and will receive a stipend of $2000 dollars per month starting in January. If that wasn’t enough bad news, Seyfarth is also cutting the salaries of first year [...]
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Was everyone waiting to see what Skadden would do? Now that Skadden has fallen in line, it looks as though everyone else Is going to play ball too. Today, Willkie Farr and Simpson Thatcher & Bartlett both announced their bonus schedules and they’re a match for Cravath. New associates will get $7500 and the scale slides [...]
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Bowing to the inevitable, Scott Rothstein has formally requested his own permanent disbarment. The south Florida lawyer whose firm has dissolved under a cloud of scandal after a ponzi scheme run by Rothstein came to light sent the Florida Bar a written request to be disbarred rather than face a certain disciplinary hearing. [...]
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