I’m going to take the liberty of highlighting “Class Acts”, and “Not So Classy” acts, by law firms when it comes to their staff.
For instance, Heller’s lay offs last Friday … Not So Classy
Clifford Chance layoffs today … Class Act
The Clifford Chance associates, most of whom graduated from law school less than
When this article caught my attention this morning, Mass Layoffs at Heller Ehrman, I couldn’t help but wonder, “Could it get any worse for our Heller friends?” Unfortunately, the answer turned out to be “Yes”:
At least 100 Heller Ehrman employees were laid off on Friday, without receiving the 60 days’ wages required by
There was a national backlash against AIG and “Wall Street” this week when the news of AIG’s spa retreat broke.
The country was asking “how could they be so greedy” to spend $400,000 for a sales reward meeting when they just took countless billions in a bailout from the feds?
Intellectually, I get it, but
Just like most Americans, the legal industry has been obsessed over the past decade with super-sizing. The AmLaw 100 has super-sized head count, PPEP (profits per equity partner), RPP (revenue per partner), revenue generated, etc.
We’ve already seen the first casualty of the economic downturn with Heller Ehrman’s inability to make it to the altar
So, how’s the situation with your belt? Getting tighter?
Six months ago I attributed tightening my belt to my fat and happy diet. Today as I was cooking a pot of chicken ¼’s for a batch of soup I was pleasantly pleased with the idea that tightening my belt means I might have to buy
The numbers are out. Jobs in the legal sector are down, and law firm mergers are up for the year. According to a new report issued by Altman Weil:
Third quarter deals are down from 26 last quarter, but, year to date, 2008 law firm combinations are outpacing 2007 by 58 to 44.
I really enjoyed Seth Godin’s post today on Is effort a myth?
Delete the outliers–the people who are hit by a bus or win the lottery, the people who luck out in a big way, and we’re left with everyone else. And for everyone else, effort is directly related to success. Not all the time,
I read Paul Lippe’s blog post yesterday about the shock in the industry of the demise of Heller.
A law firm friend of mine told me many of his peers were “shocked” at the demise of Heller and its failure to find a merger partner. That put me in mind of the iconic scene
Walking around the halls this morning the mood is somber. Dow is under 10,000 points; Brazil is down 15%; Russia down 20% before trading was halted. Jim Cramer is warning that the stock market can drop 20%:
“Whatever money you may need for the next five years, please take it out of the stock
