The legal community is still buzzing with reaction to the news of Orrick, Herrington & Sutcliffe’s layoffs of 40 attorneys — while White & Case sacrifices blood and treasure to the altar of “good timing.”
We don’t want to pile onto Orrick, we know a lot of good people that work there. But Ralph Baxter’s interview with the AmLaw Daily today is … a little weird.
Yesterday, we noted that Orrick’s layoffs come a month after they acquired a bunch of Heller Ehrman partners. Baxter addressed that issue specifically with AmLaw … depending on your definition of “addressed”:
What do you say to people who will look at your decision to hire 27 former Heller attorneys in early October, a month before this decision?
You take these two facts together (the Heller hirings and the layoffs), and you get a focused picture of Orrick. We’re bullish about the future, bullish about the role of lawyers in global finance, and we are boldly taking action to diversify Orrick’s practice. All of the Heller lawyers who joined us were in practice areas that are litigation-oriented. Compared with the layoffs, it’s apples and oranges. They are mostly partners, and they bring business with them.
Allow me to translate:
You see, there are these things called Apples. And man, let me tell you, Apples are the future. But unfortunately, there are these other things called Oranges, and Oranges are so obsolete, so yesterday. Really, IN THE FUTURE, the only thing Oranges will be good for is Juice. So we said, screw it man, let’s make some Juice. Let’s make some now! Because the future is now. Apples and Pulp bro’. Don’t sleep.
Other highlights from Baxter’s interview after the jump.