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Fall Recruiting Open Thread: Vault 51 - 60 (2010)

comparing.jpgWe’re now into the back half of the brand new Vault law firm rankings. Just like last year, we worry about a proliferation of “TTT” accusations in the comment threads. But such terms of art can miss the positives of many of the firms in this section of the Vault rankings. Here’s the list:

51. Fulbright & Jaworski
52. Wilson Sonsini Goodrich & Rosati
53. Morgan Lewis & Bockius
54. McDermott Will & Emery
55. Alston & Bird
56. Bingham McCutchen
57. Fish & Richardson
58. Dechert
59. Greenberg Traurig
60. Cadwalader Wickersham & Taft

We have already extensively talked about the Morgan Lewis situation. Let’s move on to other firms after the jump.

Is this the as far as Cadwalader is likely to fall? Cadwalader was ranked #39 just last year. Now the firm is down to #60. Is there more layoff retribution waiting for them on next year’s Vault ranking?

Dechert has also laid off a number of associates and staff. And the firm has done that stealthily at times. But while Dechert did drop six spots from last year, the firm is still ranked higher than Cadwalader.

McDermott also took a four spot tumble this year. Perhaps the firm will bring back free coffee to increase its popularity in associate surveys.

There aren’t a lot of firms “on the rise” in this part of the rankings. But both Bingham and Greenberg jump into fifties this year. Last year they were ranked in the sixties.

Which firms are where they should be, and which firms should move up or down. Let us know in the comments.

Earlier: Vault Open Threads - 2010
Nationwide Layoff Watch: Layoffs Weeks in the Making Finally Come to Dechert
Reverse Perk Watch: McDermott ‘Sends a Message of Desperation’

Comments

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1 Posted by guest | Permalink Wednesday, September 2, 2009 8:05 PM

B*tches drink first!

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2 Posted by guest | Permalink Wednesday, September 2, 2009 8:06 PM

MORGAN LEWIS IS AWESOME

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3 Posted by guest | Permalink Wednesday, September 2, 2009 8:07 PM

Kirkland layoffs. Get on it.

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4 Posted by guest | Permalink Wednesday, September 2, 2009 8:08 PM

when are the IP rankings going to be posted?

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5 Posted by guest | Permalink Wednesday, September 2, 2009 8:09 PM

Let this page overfloweth with kind-hearted sentiment.

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6 Posted by guest | Permalink Wednesday, September 2, 2009 8:10 PM

Most TTT list ever

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7 Posted by guest | Permalink Wednesday, September 2, 2009 8:11 PM

poopshovel

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8 Posted by guest | Permalink Wednesday, September 2, 2009 8:39 PM

Cadwalader Wickersham & TTfT

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9 Posted by guest | Permalink Wednesday, September 2, 2009 8:59 PM

One thing happening at McDermott is that people who do not have to leave are leaving In this job market where you value security so much, the fact that people that are well regarded or "safe" would give that up to get out tells me a lot.

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10 Posted by guest | Permalink Wednesday, September 2, 2009 9:30 PM

How could Fish & Richardson have any prestige left, let alone be ranked in the 50s? News flash for law students--they will lie to you and throw you under a bus as soon as it is convenient.

If you want an IP boutique, go with Kobbe Martens or Townsend.

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11 Posted by guest | Permalink Wednesday, September 2, 2009 9:52 PM

any word on Fulbright offer rate?

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12 Posted by guest | Permalink Wednesday, September 2, 2009 9:58 PM

Wilson Sonsini isn't even a V50 anymore?

Latham, this is your future. LOL

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13 Posted by guest | Permalink Wednesday, September 2, 2009 10:00 PM

12

Yep, Wilson Sonsini was a V10 before they Lathamed a bunch of associates after the dot com bust.

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14 Posted by guest | Permalink Wednesday, September 2, 2009 10:02 PM

What's the story with GT? ATL has only reported ~20 layoffs from NYC/real estate department. Are they really that stable financially, or are they just doing stealth layoffs?

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15 Posted by guest | Permalink Wednesday, September 2, 2009 10:17 PM

I have my only callback at Dewey NYC. Anyone have advice so I can kill it and get an offer

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16 Posted by guest | Permalink Wednesday, September 2, 2009 10:41 PM

WIlson Sonsini has continued to latham assocaites, 1-2nd years were hit particularly hard. be wary.

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17 Posted by guest | Permalink Wednesday, September 2, 2009 10:46 PM

9 (mcdermott),

i know who you are. you are male; you work in our dc office; and a female associate mentioned that you're missing your left testicle.

harvey.

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18 Posted by guest | Permalink Wednesday, September 2, 2009 11:01 PM

This best captures what it's like to work at Fish.

(No... it's not that same Monty Python clip I always post.)

http://www.youtube.com/watch?v=rjmmjXGwarU

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19 Posted by guest | Permalink Wednesday, September 2, 2009 11:50 PM

GTLA stealth laid off a couple of associates late last year and early this year and got rid of some extra staff around the same time. But there has been plenty of work all year and now they are hiring.

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20 Posted by guest | Permalink Thursday, September 3, 2009 12:04 AM

I enjoyed the hell out of my interview with GT. Hope to here from them.
But even if I hated the interview I would hope to here from them.

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21 Posted by guest | Permalink Thursday, September 3, 2009 12:27 AM

I heard 70% Fulbright offer rate for Houston

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22 Posted by guest | Permalink Thursday, September 3, 2009 12:40 AM

20, you won't hear from them if you spell here wrong.

- unemployed graduate who is more qualified for your slot.

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23 Posted by guest | Permalink Thursday, September 3, 2009 1:01 AM

I want more Locke Lord bashing. Please bring on thread for Locke Lord bashing.

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24 Posted by guest | Permalink Thursday, September 3, 2009 1:24 AM

22, You sound like a total d-bag, which probably contributes to your continued unemployment

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25 Posted by guest | Permalink Thursday, September 3, 2009 8:40 AM

The way Dechert handles layoffs and associate relations earns it a lot of much deserved shit on ATL (and in the associate satisfaction survey). But for what it's worth, the associates are all pretty cool and the partners I actually work for aren't bad. I've made good money, good friends and gotten good experience under my belt. That's most of what I can ask for from a firm.

Working at a big firm isn't always fun. Dechert is no exception to that rule, but neither are the "lifestyle" firms you hear so much about. A big difference though, is that Dechert never cut or froze salaries. Given the choice between working on the same kind of deals and billing the same hours at Dechert, or the option of working on the same deals and billing the same hours at a place with kinder gentler management for 20-40k less a year, I'll take the money every single time.

Honestly, I can't stress enough how big that extra 20-40k is. It's not a huge percentage of your base salary, but it is a huge percentage of how much you can save or pay off your loans every month. Realistically, I'm not going to spend my entire career/life working at Dechert or any other big firm, but while I'm doing this I want to pay off my loans and save as much money as possible.

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26 Posted by guest | Permalink Thursday, September 3, 2009 9:02 AM

If my firm dissolves before next year's rankings come out, will I still be able to say I'm a V-57 attorney until I find a new job? Just wondering how dissolution affects prestige.

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27 Posted by guest | Permalink Thursday, September 3, 2009 9:30 AM

How's GT's ATL office?

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28 Posted by guest | Permalink Thursday, September 3, 2009 9:40 AM

I heard (from a summer) that GT no-offered a significant number of its SA's.

The drop for CWT is not merely because of the layoffs, rather the layoffs are the symptom. The problem is their securitization practice, the driver of their firm, no longer exists (except for a few partners and special counsel which is probably a money drain).

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29 Posted by guest | Permalink Thursday, September 3, 2009 9:42 AM

I was laid off from Bingham....but not before they hounded me for weeks to make sure to complete my Vault survey and laid on the usual (subtle, wink wink) pressure to submit favorable ratings for the firm.

Thanks Bingham!!!

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30 Posted by guest | Permalink Thursday, September 3, 2009 9:59 AM

What was Wilson's offer rate this summer?

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31 Posted by guest | Permalink Thursday, September 3, 2009 10:12 AM

GT also froze pay and did stealth lay off's.

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32 Posted by guest | Permalink Thursday, September 3, 2009 10:12 AM

DecherTTT

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33 Posted by guest | Permalink Thursday, September 3, 2009 11:11 AM

mcdermott? offers? where are they

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34 Posted by guest | Permalink Thursday, September 3, 2009 11:57 AM

hey genius at 29--- you can't vote for your own firm on Vault.
Why do you think relatively tiny firms like Wachtell and Cravath can dominate the Vault rankings if the crumbling behemoths like DLA, Greenberg, etc. could vote for themselves?

35 Posted by Rhett Butler | Permalink Thursday, September 3, 2009 12:00 PM

Please don't go on with this, Leave us some dignity to remember. Spare us this last.

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36 Posted by guest | Permalink Thursday, September 3, 2009 12:20 PM

I have heard that Wilson (Palo Alto) gave offers to 37 of 39 summers, including 1Ls.

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37 Posted by guest | Permalink Thursday, September 3, 2009 12:21 PM

Dechert isn't bad as long as you're there. But management has no loyalty or sense of decency. Avoid it if you care about job security. And 2Ls stay away- they no offered half their class and tried to cover it by calling it a deferral on decisions. It's a shame, if not for the current management it would be a great place with great people.

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38 Posted by guest | Permalink Thursday, September 3, 2009 12:51 PM

Wilson Palo Alto's offer rate was pretty high this summer. I only personally know of 1 summer who did not get an offer and he was let go mid summer for violating a firm policy.

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39 Posted by guest | Permalink Thursday, September 3, 2009 1:20 PM

16 is wrong. Wilson was particularly easy on 1-2 year associates at the expense of 3rd years. Only bar flunkers were canned.

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40 Posted by guest | Permalink Thursday, September 3, 2009 2:04 PM

Hey genius at 34 - The actual Vault survey does indeed ask associate satisfaction questions about the respondents OWN FIRMS, and uses them to compile all of their other lists. Sounds like you have never actually taken it.

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41 Posted by guest | Permalink Thursday, September 3, 2009 3:09 PM

GTTT is the Amway of Big Law. It is run by slick real-estate lawyers from Miami who pumped money from -- well, certain sources -- into South Florida's real estate market for many boom years. Those years are over, but the ethic remains. Compensation is black box and very low. Stay away. You have been warned.

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42 Posted by guest | Permalink Thursday, September 3, 2009 3:09 PM

GTTT is the Amway of Big Law. It is run by slick real-estate lawyers from Miami who pumped money from -- well, certain sources -- into South Florida's real estate market for many boom years. Those years are over, but the ethic remains. Compensation is black box and very low. Stay away. You have been warned.

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43 Posted by guest | Permalink Friday, September 4, 2009 10:33 AM

Anyone know where I can find out which law firms run on credit and which ones rely on their cash reserves?

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44 Posted by guest | Permalink Friday, September 4, 2009 11:21 AM

MWE? MWE? The company is financially sound - but it comes with a cost . . . The company is ruthless.

It is a policy of treating everyone like sh&t except partners who have books north of 5 million, and in reality somewhere closer to 10 million.

I do not know much, but I do know the Los Angeles office. This ruthless attitude coupled with some poor hiring decisions has made the LA office perhaps the worst place to work - with a but - but you will have job security - there is plenty of work but noone left to do it.

Why?

MWE is ruthless - in LA if you are not GG or RH (2 people with enormous books) then f&ck you. Repeat after me - if you are not GG or RH f&&k you. What you brought in 2 mill of business?? So what - f--k y--. What you are working on pace for 2400 hours you are working nights and weekends we need to desperately hire more associates f--k y--. What middle management worthless income partners and capital partners with no books treat you like s--? f--k y--. Not our problem - GG happy? check. RH happy? check. Move on. We do not care f--k y-u.

This focus on two people in lit and health/lit has left other departments miserable. If you are in IP - you are miserable - nobody is left the real IP department left a year ago - why they saw this sh*t atitude of treatment like second class citizens - so they left went to Orreck and they are happy over there. If you are in corporate - you are miserable - same problem in corporate as IP - the department was treated like sh*t - so they left - and started up at a different shop - noone is left in corporate - so you are miserable. go upstairs a flight and you have the lit department - well poeple are upset for another reason there (discussed below) then you go upstairs another floor and you have health - partners there are also planning an escape - they see they are treated like sh*t and rumor is if they are not paid accordingly in LA they are walking - Walk around and the corner and you have a labor department same problem as corporate and IP - noone is left so it is miserable to be there - people have left there without jobs lined up - they have layed themselves off.

The downside to MWE LA is all the cool people (associates and partners with smaller books who can leave have left or are mappping out an exit strategy (see health department).

Who is left? GG and RH - and some mid-management d**ks.

It is kind of funny how that works. You would think that the two people with the biggest books at MWE would be d**ks. They really are the ones with the most streess - but - They are not. GG and RH are not bad to work for - they treat low level associates pretty humanely. But the rest of the place - all the people the midmanagement that MWE is shitting on - those people treat you like sh*t.

So you have the JBs the TMBs the ASs the EMs the MOs et al. And these people all treat you as an associate like total garbage. You make a minor error and they rip your head off - tell you you are an idiot - they hand you an assignment - they know you have no time except for between 8 at night and 6 in the morning so what they say - f--k you - here is a motion it needs to be done tomorrow - when I was an associate I did not sleep. F-- y-- you are an idiot - do this -

But MWE still swears by there "No A--hole Policy" you have to be kidding. Worst yet, some of the mid-level management just destroy your reputation behind your back. You make a minor error - and you will as an associate - you make one minor error and you are the biggest idiot ever. and they spread that rumor around. There is no belief in training in LA - sink or swim - and they make a decision on you within two weeks of being there - once that is made that is it - that is who you are - the airhead - the hard working pretty girl - the oaf... And some of the midlevel management even have the nerve to make a list of who they want to have fired...

My advice to MWE LA - pay attention to more people than just GG and RH - yeah thats great they have big books - but pay a little attention to some other people. Get rid of these people who treat associates like complete crap - PLEASE - or we will have more people leaving without jobs - just because they cannot stand it anymore. Associates want out. They hate it - I am all for big books - but if you are an a hole with nothing to show for it - i.e., almost every mid-level income partner and pathetic no book having capital partner - get rid of these people - they suck. They provide no benefit and they make people feel like crap.

Sincerely MWE ass (guess what office?)

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45 Posted by guest | Permalink Friday, September 4, 2009 10:18 PM

44: Your post explains a lot about the California offices of McDermott Will & Emery. But nothing will change. The summers are praying for offers even if they have seen the behavior of which you speak. Laterals will climb over each other to sign up with MWE if the price is right. And nothing will change.

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46 Posted by guest | Permalink Saturday, September 5, 2009 1:16 PM

How was summer at Fulbright LA? Offer rate?

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47 Posted by guest | Permalink Sunday, September 6, 2009 6:14 PM

45 -- you make me think that the mcdermott will and emery ship be sinking. i've got to say, i enjoyed my summer with the dc office. seems like a real good place to begin a career.

d.c. summer ass.

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48 Posted by guest | Permalink Monday, September 7, 2009 3:21 PM

47 - MWE can be a good place to begin a career. It will inure you to abuse and shitstormery, providing a coat of psychological armor that will serve you will later on in your career. Basically, beginning your career at MWE means you get the worst part of your career over with up front, so you have nothing to worry about looking forward.

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49 Posted by guest | Permalink Monday, September 7, 2009 9:51 PM

All the MWE offices are like the description of the LA office. This includes DC, which has more than its share of aholes. In the market, suck it up and take the job but know that you likely will want to leave.

My nuts are in place.

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50 Posted by guest | Permalink Tuesday, September 8, 2009 12:02 AM

One small piece of justice on the McDermott front -- the recruiting person in DC who routinely manipulated people and could be real witch was done in by the economy. Karma' s a bitch.

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51 Posted by guest | Permalink Tuesday, September 8, 2009 1:42 PM

50 - are you referring to the lady who left in the middle of the summer?

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52 Posted by guest | Permalink Tuesday, September 8, 2009 8:30 PM

yes. i just felt the need to point it out

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53 Posted by guest | Permalink Wednesday, September 9, 2009 10:44 PM

As weird as it may sound, CWT's fall is a result of other firms laying people off.

Vault focuses on "prestige." CWT's "presitge" was for a long time in Capital Markets. It was the best in the world. People who historically ranked CWT high in Vault did Capital Markets work. When other firms laid off their capital markets associates, those who would have ranked CWT high were not filling out the surveys anymore.

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54 Posted by guest | Permalink Friday, September 11, 2009 2:46 PM

And CWT is now 60 in the rankings...should be more like ZERO....firm is going down, nothing left there but empty offices and the rest of the attorneys floating around looking for work.

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55 Posted by guest | Permalink Friday, September 11, 2009 3:23 PM

Greenberg TTTraurig

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56 Posted by guest | Permalink Friday, September 11, 2009 3:24 PM

Greenberg TTTraurig

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57 Posted by guest | Permalink Friday, September 11, 2009 3:44 PM

55/56 commenTTTer

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58 Posted by guest | Permalink Sunday, September 13, 2009 6:00 PM

what about mwe sv? stable? if la is mess, then sv has to be worse.

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59 Posted by guest | Permalink Sunday, September 13, 2009 6:13 PM

sv is terrible the heart if all that is wrong with ip

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60 Posted by guest | Permalink Sunday, September 13, 2009 7:33 PM

Oh come on, Terry isn't that bad. No one has ever actually _seen_ him hit an associate.

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61 Posted by guest | Permalink Monday, September 14, 2009 5:25 PM

i really enjoy the supportive environment at mwe sv. lots of us make tons of $$$, get lots of mentoring from Mr and Ms ___ who run the group with their iron fist, and tons of deserving people get promoted.
i love drinking the juice; we get it at our new cafe.

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62 Posted by guest | Permalink Tuesday, September 15, 2009 4:45 PM

Any offers from MWE out there? Hello? Do horses wear socks? Is anybody listening to me?

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63 Posted by guest | Permalink Wednesday, September 16, 2009 11:00 AM

No. Hello. Only the fashion-conscious ones. No.

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64 Posted by guest | Permalink Wednesday, September 16, 2009 12:08 PM

63 - you complete me.

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65 Posted by guest | Permalink Wednesday, September 16, 2009 9:37 PM

They cannot offer the entire class and are trying to figure out what to do about it.

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66 Posted by guest | Permalink Friday, September 18, 2009 12:21 PM

What's TTT mean???

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67 Posted by guest | Permalink Friday, September 18, 2009 9:21 PM

So how can McDermott Will & Emery in Silicon Valley be so terrible? You have, according to the MWE website, 26 IP attorneys there, and they have to be doing SOMETHING. How can there be no work and no clients if you're supporting a headcount of that size?

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68 Posted by guest | Permalink Thursday, October 1, 2009 10:29 PM

Rumor has it MWE capital partners just voted to lay off 10% of the income partners.

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69 Posted by guest | Permalink Monday, October 5, 2009 10:48 PM

"No A--hole Policy" That's funny because the only ones left are the A-Holes. Tenure means shit at good old MWE unless you're a member of the "country club".

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70 Posted by guest | Permalink Monday, October 19, 2009 10:05 PM

Greenberg TTTraurig -- the bottom of the barrel, for sure. Morale couldn't be lower after the most recent round of stealth layoffs. The firm is managed by shortsighted (and mediocre) lawyers who are running the place into the ground.

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71 Posted by guest | Permalink Tuesday, October 20, 2009 3:47 AM

How is MWE?

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72 Posted by guest | Permalink Wednesday, November 4, 2009 9:22 PM

sucks

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73 Posted by guest | Permalink Wednesday, November 4, 2009 9:25 PM

I just sharted. Taking questions.

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74 Posted by guest | Permalink Thursday, November 5, 2009 12:43 AM

MWE is still penny pinching. They're now going after staff benefits and vacation time.

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75 Posted by guest | Permalink Wednesday, November 11, 2009 3:03 PM

Dechert is withholding summer offers until students guarantee they are their top choice.

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