Law Firm Edit War: Cadwalader

In 2008 Cadwalader laid off 131 attorneys, including a number of first year associates.  While we can all understand that sometimes firms simply don’t have the ability to keep up their work force, Cadwalader went on to post a 28% increase in profits per partner.

In case you’re bad at maths, a 28% increase in profits is HUGE!  Many hundreds of thousands of dollars each.  The profits per partner increased by more than the average salary of the people they laid off.

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