[5/29] 汇总表在17 楼 Stroock, Stroock, and Lavan 降薪

JD@UVAUID: 3503603

目前虽然是解雇和降薪潮的开端，大家还是小心为上，千万别出啥差错。一是中美关系已是近乎敌对（至少是互相甩锅)；二是律师行业的客户就是美国老百姓、他们有自己对华裔的看法。WFH 比领救济好多了。祝各位好运！

:victory:

NOTICES:

*NEW March 27, 2020*

COVID-19. UPDATE

The New York Court of Appeals today announced that the New York State Bar Examination will not be administered on July 28-29, 2020 as previously scheduled. Click here to read the press release from the Court of Appeals dated March 27, 2020.

The State Board of Law Examiners will announce the new date for the exam and the dates for the application filing period as soon as it becomes available.

Further information will be posted on this website when available. Additional information regarding the impact of COVID-19 on the July 2020 bar exam is available on NCBE's website at: http://www.ncbex.org/ncbe-covid-19-updates/

The Board’s office is closed until further notice as a result of the ongoing COVID-19 crisis. Staff are not presently available to answer phone calls. However, the Board continues to closely monitor the situation. The health and safety of applicants, our staff and the proctors who administer the bar exam are of paramount importance to the Board.

The grading of the February 2020 UBE in New York is progressing despite the crisis. However, due to the closure of the Board's office, the release of the February 2020 UBE results may be delayed beyond the usual time period (that is, on or before May 1st). All candidates who sat for the February 2020 UBE should monitor their emails and this website for any updated information.

Please continue to monitor this website for updated information.

JD@UVAUID: 3503603

因纽约市的疫情严重、股市动荡、不排除纽约律师事务所裁人或取消已经发出的 3L 聘书的可能。大家做好应对的准备。

Good luck!

JD@UVAUID: 3503603

Rumor has it that a law firm headquartered in Chicago is considering delaying the starting date for the incoming Class 2020 new hires from 3L's. These students would probably be given a choice of having a "gap year" before starting working at the law firm.

Similar hiring adjustments may be followed by other law firms, big or small. Buckle up, guys. We are going to have a bumpy ride.

The decision of postponing, if not cancelling, the law clerk's entry into the full-time positions, is reminiscent of the fates of the Class 2008, the lost class among 3L's. They never recovered. Many had to say good-bye to their legal careers.

A silver lining is that there is a slim chance that the rebound from the coronavirus setback may be a boom to the economy. The question is: when the boom starts . . .

JD@UVAUID: 3503603

Cadwalader Cuts Pay Across The Firm To Weather Pandemic

Cadwalader Wickersham & Taft LLP’s leadership announced Tuesday that the law firm is pausing partner compensation distributions and reducing associate and senior administrative staff pay by 25% in response to the economic uncertainty surrounding the COVID-19 pandemic.

In a firmwide letter to staff obtained by Law360, Cadwalader managing partner Pat Quinn explained that the law firm is reducing pay across the firm in an effort to proactively address the potential economic impacts the pandemic will have so that it can avoid layoffs down the road.

“The longer we wait to take action in response to the virus, the more difficult it will be for us to avoid much more drastic measures later on,” the letter said. “As a result, we must take a number of necessary steps at this time for the collective good and to ensure that we come out the other side on very sound footing.”

In addition to the delays in partner and senior counsel distributions and 25% pay reduction for legal staff and senior staff earning more than $100,000 a year, Quinn said that non-senior administrative staff will see a 10% reduction in pay. All of the changes are effective Wednesday and salaries will return to normal “as soon as circumstances permit,” he said.

“We know this is a big sacrifice. You should know that everyone at Cadwalader is being asked to sacrifice to achieve our goals of preserving the jobs of our colleagues and friends and ensuring that the firm rebounds from the crisis strong and poised to get back to normal,” Quinn said.

In a call with Law360, Quinn said he and his fellow leaders at Cadwalader believe the economic downturn associated with the coronavirus is different from other downturns and recessions in that it is a health crisis and was not created as a result of a financial collapse.

Because of that, he said, the firm wants to “keep the team together” and be ready to ramp back up again when business is back to normal.

“We are very confident there will be an end to this crisis and there will be a time in the near future where we’ll be all hands on deck and servicing clients’ needs the way we always have,” he said.

On Monday, another law firm announced measures aimed at proactively addressing the coronavirus crisis, while avoiding layoffs. Reed Smith announced that its leadership will slow partner cash distributions in the near term.

Also on Monday, Marshall Dennehey Warner Coleman & Goggin CEO G. Mark Thompson sent a firmwide email to attorneys and staff announcing that the firm will be suspending its 4% employer match to employee 401(k) contributions from May 1 through the end of the year in response to the economic fallout from the pandemic.

Others announced that they would be adjusting staffing levels as a result of the current situation.

Womble Bond Dickinson on Monday announced it had made the “hard decision” to furlough certain employees and let others go. Remaining staff and attorneys will see their pay cut by up to 10%, according to the firm, though those with lower levels of compensation will see smaller reductions.

Buffalo, New York-based Goldberg Segalla LLP made the decision last week to reduce its workforce, eliminating positions it said would not be necessary in the current environment.

Another New York firm, Belkin Burden Goldman LLP, also announced it would be making “adjustments to support staffing” in order to operate more efficiently, but that it has not laid off any attorneys.

--Additional reporting by Emma Cueto. Editing by Emily Kokoll.

Read more at: https://www.law360.com/

JD@UVAUID: 3503603

As predicted, law firms which are cash-strapped would be among the first round of casualties of this coronavirus attack.

When you interview at a law firm, ask questions about their cash reserve and what would be their response when facing a down turn like what we have now.

JD@UVAUID: 3503603

Good News:

Hueston Hennigan, an elite law firm know for its generosity, gave each staff $1,000 bonus to work from home; and each attorney $500 at-home technology budget to work remotely.

Bad News:

Cullen & Dykman, a midsize New York law firm, has laid off or furloughed at least 30 people (attorneys and staff) and cut compensation for the remaining lawyers and staff by up to 20 percent or more.

Allen & Overy (planning to merge with O'Melveny & Myers), a Magic Circle firm, froze pay for associates and support staff.

Cooley decided to cut its 10-week summer associate program to 6-week, and the summers will receive less pay accordingly.

Sidley delayed the start date for its summer associate program for now, but will hand out the full pay as promised.

Baker Donelson slashed partner's salaries, furloughed some employees, executed a pay cut for the remaining employees of the firm.

Pryor Cashman furloughed associates whose workflow has been dried up.

Rivkin Radler slashed compensation by 20% across the board effective with the payroll period ending April 16, and the partners got NO pay in March.

Slaughter paused recruitment processes.

Linklaters had a hiring freeze.

CMS, one of the largest law firms in the world, stopped recruitment unless the candidate is superior.

White & Chase and Bird & Bird are considering similar moves.

JD@UVAUID: 3503603

An interesting data point:
Typically, between 35% and 50% of all law firm revenue is allocated to partners.

大蛇烷UID: 3405637

JD@UVA 发表于 2020-4-2 03:57
An interesting data point:
Typically, between 35% and 50% of all law firm revenue is allocated to p ...

对于这时的法学院计划安排，楼主有什么建议吧？

JD@UVAUID: 3503603

大蛇烷 发表于 2020-4-2 13:18
对于这时的法学院计划安排，楼主有什么建议吧？

愚见：
０L：好好学习，考个LSAT高分。这个传染病，迟早会过去。三年以后，美国还是需要合格的律师。

１L：大规模发求职信。今年是不是有OCI都很难讲，而且即使有OCI，是不是所有大所都来也是问题。在这种＂最坏＂情况下，一定要全面出击，推销自己。

２L：如果已有 SUMMER ASSOCIATE 位置，恭喜了！尽力做好实习，搞好和领导及同事的关系，争得 RETURNING OFFER。同时给其它律师事务所发信求职，给自己搞双保险。没有 SUMMER ASSOCIATE 位置，比较尴尬。以前可以去PUBLIC SECTOR找个闲职位混一个暑假，但现在大部分法庭关门，没处去了。不过万一疫情提前结束，会有大量的案子涌入 DOCKET，当 PUBLIC DEFENDER或其助手也许会有很多机会。所以还是跟PUBLIC SECTOR 的雇主搞好关系，随叫随到。

３L：我没啥建议。这个就是个人运气了。能找到啥工作，先干上。这年头，有个工作就不错了。DC 四分之一的餐馆要关门大吉，餐饮业人员有９２％已经被解雇。DC 律师事务所还没听到动静，不过，是祸躲不过。律师行业也是服务型行业，没了客源，一样日子不好过。

祝好运。

屋檐下避雨UID: 3956492

请问一下楼主，对读完LLM打算回国的同学有什么建议呢？谢谢

zhuyupingUID: 3629332

JD@UVA 发表于 2020-4-2 21:14
愚见：
０L：好好学习，考个LSAT高分。这个传染病，迟早会过去。三年以后，美国还是需要合格的律师。
...

请问楼主：对于2L，求职信大概什么时候发合适？是在实习快要结束时？

hopefulcandidatesUID: 3987817

天哪，这个裁员减薪列表太恐怖了:funk:

大蛇烷UID: 3405637

JD@UVA 发表于 2020-4-2 21:14
愚见：
０L：好好学习，考个LSAT高分。这个传染病，迟早会过去。三年以后，美国还是需要合格的律师。
...

很务实哈，谢谢前辈意见~

JD@UVAUID: 3503603

屋檐下避雨 发表于 2020-4-2 21:29
请问一下楼主，对读完LLM打算回国的同学有什么建议呢？谢谢

LLM: 我认识的LLM学生（UVa）一般都有工作经验，而且有中国的律师执照。所以他们一般学完了就回原单位工作了。少部分会直接转JD（本校或其它T14）；还有更少数是先回国、再考LSAT、再杀会美国读JD（T14）。

所以我对LLM学生的建议是（1）找国内或者亚洲的工作；（2) 考LSAT上JD、转学上JD。

LLM 毕业生找到美国律师事务所工作的，很少。今年估计更少。

祝好运。

JD@UVAUID: 3503603

zhuyuping 发表于 2020-4-3 07:37
请问楼主：对于2L，求职信大概什么时候发合适？是在实习快要结束时？

实习期间就可以发；万一要 on-site 就请假。看今年的架势，估计就用 ZOOM、WebEx 这种 video conference 方式面试了。

不过发晚了，也没啥。3L 还可以接着找，就是机会会少些。我的美国同学有的做完 Summer Associate，不满意东家，会拒绝 offer，在3L 找工作。他们胆子大。后来找的律师事务所挺不错的。今年麻烦的是纽约和北加州都是疫区，不清楚6-8月份会怎样。