Comments on: All Your Sacrifices Helped in 2009

By: guest

guest — Wed, 20 Jan 2010 19:04:01 +0000

26 – right on…if you’re not a partner at K&L Gates, your only reason for existence is to ensure Pete and his wife continue to draw $7 million +. Oh, and even if you are a partner, that’s still your only reason for existence.

By: guest

guest — Wed, 20 Jan 2010 18:57:26 +0000

31 – “Law firm partners are businessmen, and damn good ones.” HAHAHAHAHAHAHAHAHAHA. That was a good one…thanks for the laugh.

By: guest

guest — Sun, 17 Jan 2010 15:22:25 +0000

Latham laid off over 400 associates (over 200 in the stealth round and 190 in the public round) so Mark Flagel could continue his Tiffany’s shopping sprees.

By: guest

guest — Sun, 17 Jan 2010 09:50:55 +0000

23: I thinkthe likely outcome here is that when the economy picks up, we see a rapid movement of associates lateraling away from the firms that treated them like crap and towards other firms that treated different associates like crap. So we’ll all be hapily moved to new places that treated someone like crap but not us. This is how firms will lose their institutional memory of the shenanigans that occurred in 2009. Everyone will say to recruits, “you should have seen how my last firm treated associates. I’ve never seen anything like that here.”
We’ll be no better off, but we’ll feel better about our situations.

By: guest

guest — Sat, 16 Jan 2010 23:15:14 +0000

As a former partner and survivor who jumped ship from a failed firm, my experience is that revenues and profits per partner remain stable or actually increase as the firm contracts, because of aggressive cost cutting and departures (voluntary and involuntary). Although profits and revenue per partner may be stable as the firm contracts, overhead per partner begins to climb rapidly, because the lease and debts remain. At some point, the firm leadership comes to grip with reality, and the firm abruptly implodes.
The people left holding the bag all profess disbelief that a firm which recently was so profitable could implode so quickly. In my opinion, it is like driving a car off a cliff at a 100 mph. It takes a while and you are still going really fast when you hit the ground.

By: guest

guest — Sat, 16 Jan 2010 16:22:25 +0000

60 – it is a law blog. Are you new here or something?

By: The 80s Guy

The 80s Guy — Sat, 16 Jan 2010 15:27:59 +0000

Take it from an 80s Guy like me—bank as much as you can from these firms before you hit 40. The partners don’t care about you, so don’t show any loyalty. If you can make more with another firm, make the move.
And please, ignore the lefty trolls. They don’t reside on the same planet as us. Money is all that matters in this life—anyone who ignores that reality is a moron.

By: guest

guest — Sat, 16 Jan 2010 11:35:57 +0000

The Death of The Middle Class Is Complete: http://www.businessweek.com/magazine/content/10_03/b4163032935448.htm

By: guest

guest — Fri, 15 Jan 2010 23:51:57 +0000

28 begs the question, ” are you an anal retentive douche?”

By: guest

guest — Fri, 15 Jan 2010 23:48:05 +0000

First?