Latham to Cut 190 Associates, 250 Staff

Latham & Watkins has confirmed to The Am Law Daily that it is laying off 190 associates, or approximately 12 percent of the firm's associate base. The firm also announced cuts of 250 non-legal staff, including paralegals. The announced layoffs are the most dramatic cuts announced so far by an Am Law 100 firm.

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Brutal Week May Not Be the End of Law Firm Layoffs

Even in the darkest days of the dot-com bust earlier this decade or in the recession of the early 1990s, there was never a day like Thursday in the world of law firms.

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Some Lawyers Are Still Hot in This Cold Economy

Attorneys and legal staffers with experience in litigation, bankruptcy, foreclosures, corporate securities or patent proceedings are hot commodities in the down economy, according to a new survey of legal staffing and salaries.

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800 Law Firm Jobs Lost in One Day

Almost 800 associates and legal staff nationwide returned home jobless Thursday after eight firms conducted mass layoffs, citing an unprecedented downturn in demand.

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Obama calls $18B in Wall Street bonuses outrageous

WASHINGTON (AP) - President Barack Obama says it is irresponsible and shameful for Wall Street bankers to be paid huge bonuses at a time when the American public is dealing with economic hardship.

The president reacted harshly Thursday to reports that corporate employees got paid more than $18 billion in bonuses last year.

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Attorney Charged With Stealing Millions From Guardian Accounts

A Brooklyn lawyer has been charged with stealing more than $4 million between 2001 and 2008 from guardianship bank accounts he supervised for incapacitated elderly people and children.

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Supreme Court won't revive online content law

WASHINGTON (AP) - The government has lost its final attempt to revive a federal law intended to protect children from sexual material and other objectionable content on the Internet.

The Supreme Court, in an order Wednesday, said it won't consider reviving the Child Online Protection Act, which lower federal courts struck down as unconstitutional. The law has been embroiled in court challenges since it passed in 1998 and never took effect.

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