The Dow is Down Guy's Profile
Comments
Fish & Richardson's actions are prudent. The economy has not hit bottom; only the rate of descent has slowed. The demand for legal services will not increase until the second quarter of 2010.
Sonnenschein's actions are prudent. The economy has not hit bottom; only the rate of descent has slowed. The demand for legal services will not increase until the second quarter of 2010.
37/Elie -
Thanks for the shoutout!
TDIDG
The management of Jones Day is taking prudent action in light of the recession. The management recognizes that while the rate of descent has slowed, the economy has not yet hit bottom. The demand for legal services will not pick up until the second quarter of 2010.
ADP reports another 532,000 jobs were lost in May, indicating that while the rate of descent has slowed, the economy has not yet hit bottom. Therefore, these cost cutting measures by Dorsey are prudent, given that the demand for legal services will not increase until the second quarter of 2010.
The Dow was down 187 points today. What did you expect, good news from Paul Hastings?
The management of Ropes & Gray realizes that the demand for legal services will not increase until after the second quarter of 2010. Therefore, a 2011 start date for the class of 2010 makes sense.
"Unfortunately economic weakness has continued, demand across the legal sector remains soft, and it is increasingly clear that major improvements in the US and global economy will not occur before 2010."
Finally a firm admits to the truth.
61 -
Puh-leeze. I am not Roxana.
The Dow is down.
Law firms will continue to retrench.
The demand for legal services will
not increase until second quarter 2010.
PPP is falling, just like the Dow.
6 -
Yawn. Wake me when the Dow gets back to 14,000.
Foley is only doing what's prudent given that the Dow has fallen below 10,000 today, signaling the end of the 6 month bear market rally.
Williams Mullen is only doing what's prudent given that the Dow has fallen below 10,000 today, signaling the end of the 6 month bear market rally.
SSD is only doing what's prudent given that the Dow has fallen below 10,000 today, signaling the end of the 6 month bear market rally.
Taking into consideration that the Dow has fallen below 10,000 today, signaling the end of the 6 month bear market rally, this job may prove to be a worthwhile endeavor.
Considering that the Dow is once again sliding below 10,000, signaling the end of the bear market rally, Allen Matkins is acting prudently in cutting salaries and staff. The demand for legal services, especially in real estate, will not recover until the second quarter of 2010.
Considering the falling Dow, indicating the end of the bear market rally, McGuireWoods is pursuing a prudent course. The demand for legal services will not recover until the second quarter of 2010.
Considering the falling Dow, indicating the end of the bear market rally, the preeminent law firm of Winston & Strawn is pursuing a prudent course in further deferring two-thirds of the class of 2009. The demand for legal services will not recover until the second quarter of 2010.


Saudek and his firm are correct in making this adjustment. We have not reached bottom, only the rate of descent has slowed. The demand for legal services will not recover until the second quarter of 2010.