Here at Above the Law, we like to know what’s going to happen, before it happens. We therefore pay special attention to Cadwalader, Wickersham & Taft. The firm is a trendsetter of sorts — at least for things that are bad. Few remember, but Cadwalader faced down a bed bug epidemic back in 2007, long before every New Yorker lived in fear of the critters.
More people know that Cadwalader was one of the early adopters of massive associate layoffs, with the first sizable round all the way back in January 2008 — well before the fall of Lehman and the true start of the financial crisis. CWT was kicking people to the curb before it was cool.
Nobody knows why Cadwalader seemingly has this mystical power to experience calamities before they happen elsewhere, but one doesn’t have to be able to explain every thing that happens to be true. So ignore the following email sent around the New York offices of Cadwalader at your own risk — but don’t say that CWT didn’t warn you…
It’s widely believed that crime rates spike during a recession. But that’s a general view. Who ever heard of crime rates spiking within the halls of a white-shoe law firm like Cadwalader? Here’s the email that Cadwalader attorneys received from a concerned counsel at the firm:
Over the past few months, I’ve heard mention of various occurrences of theft from people’s offices on 37. I have asked that the issue be included on the agenda for the next Firm Committee meeting. So, if you have had anything stolen, it would be helpful if you would send me an email identifying what what was taken, approximately when the incident occurred (and whether it was during the day, over night, a weekend), and any other relevant facts.
Isn’t working at a large law firm difficult enough without having to put a lojack on your iPhone every time you step out for
a quickie a meeting?
But, thanks to CWT, now you know about the next thing that could be coming your way. Laugh at Cadwalader now if you want, but if you are working at any Biglaw firm, take heed — and start taking extra precautions to protect your belongings.
Always keep your eye on the Cadwalader canary in the coal mine.