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Special bonuses cut for Cravath Associates

published November 25, 2008

By CEO and Founder - BCG Attorney Search left
Published By
( 3 votes, average: 4.3 out of 5)
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11/25/08

Special bonuses cut for Cravath Associates
New York-based firm Cravath Swaine & Moore has eliminated special bonuses to reward associates for their work at the end of 2008. Special bonuses are payments made on top of the annual bonuses, which range from $17,500 up to $30,000. The cuts were made in order to avoid raising billing rates for their clients, most of which have been severely affected by the economic downturn.

Lathrop Merges with LA Firm
Kansas City firm Lathrop & Gage LC has agreed to merge with Spillane Shaeffer Aronoff Bandlow LLW in a deal scheduled to close on January 1. Spillane, a seven-lawyer boutique firm, focuses on litigation and intellectual property work for NBC Universal, Sony Pictures Entertainment, Zorro Productions and Nordstrom. The merger will increase Lathrop’s national presence and give them access to top-flight litigators.

Poaching Lawsuits Seek to Suppress Talent Raids
Companies fighting to stay afloat during turbulent economic times are using litigation to prevent competitors from snatching away top talent and trade secrets. Lawyers across the country report they are inundated with employers facing poaching problems, as noncompete agreements are being ignored, and exiting employees are wooing others to leave as well. Examples include JPMorgan Chase & Co. suing an executive search agency for allegedly poaching its top employees and sending them to a competitor and Motorola Inc. suing BlackBerry maker Research in Motion Ltd. for allegedly stealing its workers.

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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.

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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 November 25, 2008

By CEO and Founder - BCG Attorney Search left
( 3 votes, average: 4.3 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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