Comments on: More Internal Documents from Simpson Thacher

By: guest

guest — Sat, 19 Dec 2009 18:20:12 +0000

breaking news: biglaw partners are greedy assholes

By: guest

guest — Tue, 15 Dec 2009 15:50:48 +0000

“Did you catch that, Simpson associates gunning for partner? The firm plans to be stingy when it comes to partnership promotion, at least for the time being. Unless you are a superstar of superstars, you might want to start thinking about other opportunities.”
The problem is that STB is loaded with delusional, self-proclaimed “superstars.” If you truly had half a brain, you would come in, get your money for a few years, and get out. The problem is that those who stick around are second rate at best. What is the deal with the salt of the earth that seems to hang around indefinitely?

By: guest

guest — Tue, 15 Dec 2009 13:34:53 +0000

126-Read the Sidley decision and just a few decisions on ADEA waivers. Then we’ll talk.

By: guest

guest — Tue, 15 Dec 2009 13:30:00 +0000

125: “an employee may not prospectively waive his…”
Partners are not employees.

By: guest

guest — Tue, 15 Dec 2009 13:15:16 +0000

Dear 123:
You stubbornly refuse to comprehend basic employment law making me think you are management at a Biglaw (probably Sidley again) taking yet another shot in your foot. While waivers signed as part of voluntary retirement packages can be okay (even the EEOC has draft language for those), courts have held that “an employee may not prospectively waive his or her rights under either Title VII or the ADEA.” Adams v. Philip Morris, Inc., 67 F.3d 580, 584 (6th Cir.1995) (Adams v. Philip Morris, Inc., 67 F. 3d 580, 584 (6th. Cir.1995) (“A [party] cannot purchase a license to discriminate”).
Expect to see law firms busted for targeting 40+ year old employees and partners in their layoffs.
CHECK YOU EPLI COVERAGE
Love,
Salt & Pepper Boy

By: guest

guest — Tue, 15 Dec 2009 12:58:39 +0000

115, the best firm that engaged in layoffs is Latham, and even before then, it was close but still a bit short of “top tier.”

By: guest

guest — Tue, 15 Dec 2009 10:25:01 +0000

Under the Age Discrimination in Employment Act of 1967, there is an option for waiver. Perhaps the partner agreement has a waiver and management can do whatever they want, within reason.
Regardless, guys at my corporate america job used to terminate old people all the time, it was no big deal. Protected class not withstanding, new younger management came in and cleared “all the grey hairs”

By: guest

guest — Tue, 15 Dec 2009 08:40:12 +0000

119, it’s not “Sherman”, it’s “Shearman”, you fucking loser.

By: guest

guest — Tue, 15 Dec 2009 08:37:20 +0000

98 – perhaps, but the question is whether it will last. Bankruptcy is definitely on its way down. Is Weil ready for 2010 and beyond when bankruptcy work starts drying up (at least to the level required to keep Weil’s large bankruptcy practice busy)?

By: guest

guest — Tue, 15 Dec 2009 08:31:34 +0000

119 – those firms are not peer firms, you fucking loser.