TITLE

Cutting Costs?: Firing associates while maintaining partner draws may be unwise

AUTHOR(S)
Goldberg, Stephanie B.
PUB. DATE
May 1991
SOURCE
ABA Journal;May91, Vol. 77 Issue 5, p36
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
Discusses key issues relevant to corporate downsizing and cost control by law firms in the U.S. Impact of cost-cutting initiatives on employee morale; Key considerations before cutting costs; Policy implications on law firms and the practice of law.
ACCESSION #
4799146

 

Related Articles

  • Leverage: Out with the Old, In with the New. Denney, Robert W. // Law Practice Today;Sep2011, p11 

    The article discusses the concept of leverage within law firms. It is said that there used to be high ratio of associates to partners among firms but during and after the recession, many firms have reduced their number of associates. Despite such, it is said that leverage has become more vital...

  • Osborne Clarke puts 13 senior fee earners on redundancy consultation. Stanton, Natalie // Lawyer (Online Edition);5/15/2013, p2 

    The article reports that the law firm Osborne Clarke has entered a two week redundancy consultation programme for reducing 13 senior associates at the company's offices in Great Britain. Managing partner Simon Beswick said that the firm was trying to achieve greater costs control by having fewer...

  • City support staff hit as Edwards Wildman makes firmwide cuts. Burton, Lucy // Lawyer (Online Edition);7/3/2013, p8 

    The article reports that the law firm Edwards Wildman Palmer LLP has reduced its support roles from its office in London, England. It mentions that the move follows from a firmwide review of costs. It notes that the firm's needs of support staff and services are reduced in the midst of...

  • JOB LOSSES IN THE LAWYER'S UK 200.  // Lawyer;12/1/2008, Vol. 22 Issue 47, p6 

    The article lists the job losses in the top 200 law firms in Great Britain which includes Addleshaw Goddard, ASB Law, and Beachcroft.

  • Growing Pains. DeBenedictis, Don J. // ABA Journal;Mar1993, Vol. 79 Issue 3, p52 

    Reports on the state of the U.S. legal profession in the 1990s. Cost-cutting and downsizing; Steady decline of the rate of growth at mid-sized and larger firms from 1987 to 1991; Law firm receipts, expenses and income; Changes in law firm size.

  • Assessing the roller coaster of downsizing. Mabert, Vincent A.; Schmenner, Roger W. // Business Horizons;Jul/Aug97, Vol. 40 Issue 4, p45 

    Focuses on competitive pressures that have forced many firms to reduce the size of their work forces as one method of cost control. Defining downsizing and understanding the reasons for it; Case against downsizing; Downsizing study; Several categories of potential benefits and costs related to...

  • Preparing for downsizing costs. Rainey, Joseph P. // Business Insurance;8/14/95, Vol. 29 Issue 33, p25 

    Advises employers on downsizing costs. Includes putting resources to control losses in place before the reduction is announced; Initiation of an accident reporting and investigation procedure; Identification of a list of preferred medical providers that have some occupational experience.

  • Headcounts keep heading down. Marshall, Jeffrey // U.S. Banker;Apr98, Vol. 108 Issue 4, p72 

    Discusses the reduction in headcounts at major banks in an effort to reduce costs. Information on First Union Corporation; Identification of three banks which have all accounted sizable headcount cuts; Details on the banks.

  • Down but not out. Strenger, Ellen Weisman // Trustee;May97, Vol. 50 Issue 5, p6 

    Discusses the steps hospitals in the United States must carry out to lessen the human toll of downsizing. Planning for a leaner workforce; Role played by hospital trustees in downsizing; Cost-cutting methods; Making employees partners in repositioning the hospital.

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics