Edit War: Paul, Weiss

Posted in Law Firm Edit War on February 2nd, 2010 by bl1y

Law.com just reported that Paul, Weiss had record profits, despite a decrease in revenue.  Kinda interesting, especially considering that Law.com says Paul, Weiss didn’t resort to layoffs in 2009.

Of course, this is only true if as many as 45 staff attorneys getting canned, as well as some associates being encouraged to leave counts as no layoffs.  I kinda think it doesn’t.  And, despite the record profits and the firm chairman saying that the 4th quarter of 2009 was the busiest in their history, Paul, Weiss cut associate bonuses, with many junior associates receiving less than half of what they got in the less busy, less profitable years.  Something about this smells.

List of Wiki Raids:

Cadwalader

Curtis, Mallet-Prevost

Latham

Morgan Lewis

Nixon Peabody

Paul, Weiss

Pillsbury

Winstead

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