Cadwalader Offers 34 Attys Yearlong Sabbatical

Law360, New York (July 7, 2009, 12:00 AM EDT) -- Facing slowed activity in its capital markets and real estate finance groups, Cadwalader Wickersham & Taft LLP has asked 34 lawyers to take a one-year sabbatical at one-third of their normal pay.

Cadwalader director of marketing Claudia Freeman said the firm offered the unrestricted sabbatical after it became difficult to find work for all attorneys in the groups.

“Cadwalader's capital markets and real estate finance groups do not have enough challenging work for all the lawyers, particularly the young lawyers, in these groups,” Freeman said. “Unfortunately,...
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