CostCutting

San Diego Mayor’s Cost-Cutting Move Sparks Discrimination Lawsuit from Fired Chief Operating Officer

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San Diego, CA – The City of San Diego is facing a lawsuit following the termination of its former Chief Operating Officer, Eric Dargan. In a cost-cutting move described by Mayor Todd Gloria, Dargan’s position was eliminated to contribute to closing a $258 million budget shortfall. The decision, announced in February, also eradicated an annual salary of $375,000. During a press statement on February 18, Mayor Gloria expressed gratitude towards Dargan for his contributions to the city, describing the decision as a budgetary necessity. However, this financial maneuver has led to legal complications, as Dargan … Read more

Milbank Leads the Charge in Associate Bonuses Amid Cost-Cutting Trends in Big Law Firms

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New York, NY — Milbank LLP has once again taken a pioneering step in the legal industry by initiating a new round of associate bonuses, despite evident market shifts that suggest a cooling demand for junior lawyers. The Manhattan-based firm has bolstered its reputation by offering up to an extra $140,000 in bonuses, a move quickly matched by at least five other major law firms with several more expected to follow suit. This approach marks the second consecutive year that Milbank has led with such an early announcement of additional year-end payouts. While these bonuses … Read more