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I really do think we’ve now built a firm that, while it’s not complete, we’re continuously looking to make ourselves better. We’re incredibly well-positioned to respond to these macro events, and we have a platform to respond to these events regardless. So, it’s a different scenario. We’re a lot further along in the investments we’ve made.
— Richard Trobman, chair of Latham & Watkins, commenting on the differences between the firm’s response to the Great Recession — that is, layoffs en masse — versus the coronavirus crisis, where such austerity measures were reportedly “never even considered.”
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Staci Zaretsky is a senior editor at Above the Law, where she’s worked since 2011. She’d love to hear from you, so please feel free to email her with any tips, questions, comments, or critiques. You can follow her on Twitter or connect with her on LinkedIn.