LayoffBlog.com

February 6, 2009

One Lawyer Layoff Saves an Average of $250K

Filed under: FYI,US — 7macaw @ 3:55 pm
Tags: , ,

Attorney layoffs have become industry standard in recent months, with at least 50 of the nation’s top law firms ushering practitioners out their doors and into a torpid job market. Law firm leaders and industry consultants say a firm cuts costs by an average of $250,000 for each attorney let go. For each legal assistant or other staffer laid off, a law firm saves about $100,000.

For most big law firms, about 85% of their budget goes to rent and personnel costs, say firm leaders, which means that the money saved by scaling back on copies, car services, partner retreats and marketing comes from a small percentage of their revenue.

Source: The National Law Journal

2 Comments »

  1. RBC Bank President Gordon Nixon – Salary $11.73 Million

    $100,000 – MISTAKE (FISHERMEN’S LOAN)

    I’m a commercial fisherman fighting the Royal Bank of Canada (RBC Bank) over a $100,000 loan mistake. I lost my home, fishing vessel and equipment. Help me fight this corporate bully by closing your RBC Bank account.

    There was no monthly interest payment date or amount of interest payable per month on my loan agreement. Date of first installment payment (Principal + interest) is approximately 1 year from the signing of my contract.
    Demand loan agreements signed by other fishermen around the same time disclosed monthly interest payment dates and interest amounts payable per month.The lending policy for fishermen did change at RBC from one payment (principal + interest) per year for fishing loans to principal paid yearly with interest paid monthly. This lending practice was in place when I approached RBC.
    Only problem is the loans officer was a replacement who wasn’t familiar with these type of loans. She never informed me verbally or in writing about this new criteria.

    Phone or e-mail:
    RBC President, Gordon Nixon, Toronto (416)974-6415
    RBC Vice President, Sales, Anne Lockie, Toronto (416)974-6821
    RBC President, Atlantic Provinces, Greg Grice (902)421-8112 mail to:greg.grice@rbc.com
    RBC Manager, Cape Breton/Eastern Nova Scotia, Jerry Rankin (902)567-8600
    RBC Vice President, Atlantic Provinces, Brian Conway (902)491-4302 mail to:brian.conway@rbc.com
    RBC Vice President, Halifax Region, Tammy Holland (902)421-8112 mail to:tammy.holland@rbc.com
    RBC Senior Manager, Media & Public Relations, Beja Rodeck (416)974-5506 mail to:beja.rodeck@rbc.com
    RBC Ombudsman, Wendy Knight, Toronto, Ontario 1-800-769-2542 mail to:ombudsman@rbc.com
    Ombudsman for Banking Services & Investments, JoAnne Olafson, Toronto, 1-888-451-4519 mail to:ombudsman@obsi.ca

    http://www.pfraser.blogspot.com

    http://www.corporatebully.ca

    http://www.youtube.com/CORPORATEBULLY

    http://www.p2pnet.net/story/17877

    “Fighting the Royal Bank of Canada (RBC Bank) one customer at a time”

    Comment by Paul Fraser — February 7, 2009 @ 11:52 am | Reply

  2. I keep my pitiful savings in a Credit Union. Credit Unions are still for the little guy. Good luck to you brother!

    Comment by The Pirate — February 8, 2009 @ 9:31 am | Reply


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