Wake Up Call: Fox Rothschild Offers Buyouts to 300 Staff

In today’s column, a half dozen-plus more firms matched the Davis Polk scale for associate pay; this year Kirkland’s bankruptcy practice has lost around 20 lawyers as the economy improves; New York elite firms have lost hundreds of associates; a former Hogan Lovells global chair took a job in-house at the corporation managing the British monarch’s property assets.

• Leading off, Philadelphia-based Fox Rothschild offered voluntary buyout packages to around 300 legal assistants in May as part of a reorganization of how secretarial roles are assigned to specific practice groups, taking effect June 21, a report says. Fox’s move comes as ...