From an article in Legal Week
Author: Jeremy Hodges
Freshfields Bruckhaus Deringer has agreed to use a contract lawyering business as the firm begins to see an upturn in work levels.
The magic circle law firm, which currently operates a fee earner to partner leverage of 3:1, is considering a number of options to maintain that level when [...]

Sign on the dotted line by Claire Ruckin at Law.com
Leading London firms in talks to bring in teams of contract lawyers. Several leading London law firms are considering using contract lawyers as part of a new business venture intended to create a vetted pool of temporary lawyers to support [...]

The story in The Lawyer today regarding the enormity of the downsizing make for sad reading.  It points out that the number of layoffs has been huge, and in some firms very dramatic.
However we are starting to see an uptake in the market for the elite lawyers on contract to firms where they are [...]

It is good to see that the conversation about using contract lawyers has begun.  Another article in Legal Week opens up the discussion and identifies a number of the areas that we have given great though to.
The quality of the lawyers, a critical factor in this undertaking is something that ItsMyLaw is taking seriously, since [...]

Legal Week highlighted the fact that a number of leading firms are considering the idea of contract lawyers, to help staff up as the market picks up.
Travers managing partner Chris Carroll said: "We have become very busy and stretched but are cautious about going back into the recruitment market unless and until we feel the [...]

The Lawyer reports that CMS CAMERON McKenna has persuaded more than 90 per cent of its staff to sign up to its flexible working scheme, despite internal opposition to the plan.
They go on to say that
Just 50 per cent of employees had agreed to the scheme a week before the deadline on Friday 29 [...]

The Lawyer reports that
Linklaters has cut associate pay bands by an average of 7 per cent and slashed bonuses across the firm. Linklaters associates will move up through the salary bands this year, but reduced rates mean that most junior lawyers will receive a pay rise of between just 2 and 4 per cent.

This is [...]

Market Fears

January 9, 2009 | Leave a Comment

The Lawyer reports that:
There’s only one story anyone is interested in at the moment: the goings-on at Clifford Chance. Yesterday the firm announced that it was axing up to 80 associates and putting 880 London lawyers in consultation.

The effects of the current market conditions are being felt everywhere and the law firms are not being [...]