Subscribe and get breaking news, commentary, and opinions on law firms, lawyers, law schools, lawsuits, judges, and more.
Layoff NoticeThe days of firms having someone to get junior associates their dry-cleaning is over. Firms are greedy and they’re super sensitive to maximizing profits.
— A finance industry insider, in comments given to the New York Post on the likelihood that Biglaw firms that service Wall Street banks will experience financial trouble given the dealmaking slowdown in the market. These remarks were given following a high-profile luncheon where executives from some of the biggest banks were present, with much “chatter” having to do with future layoffs. “The conversation was all about when people think hiring freezes will happen and when the layoffs are coming,” said one source. “It’s the worst-kept secret that layoffs will happen,” said another. “There is an entire generation that has never been through an economic downturn. It’s going to be new and painful for a lot of people.”
Staci ZaretskyStaci 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.
, , , , ,
This article is featured in the Finance Docket newsletter, a partnership between Breaking Media publications Dealbreaker and Above the Law. Sign up now for the latest in litigation, regulation, transactions, and trends in the financial services industry.
Enter your email address to subscribe.
Statistically Significant: Elon Musk is very concerned that Twitter randomly tests .00005 percent of its population of accounts. Make sure no one tells him how polling works!
He Swears On The Lives Of The Children He Remembers: Herschel Walker threatens to sue group questioning his ties to an organization that had settled with the Department of Justice to the tune $122 million.
Wild And Wonderful: Guns and courtrooms don’t mix. Except maybe in West Virginia.
Actual Critical Race Theory: There are a lot of people complaining about “critical race theory,” so Chris talked to Kimberlé Crenshaw to clear up some things.
Firms That Give Back: Ranking the top firms for pro bono.
Our Sites
© 2022 Breaking Media, Inc. All rights reserved. Registration or use of this site constitutes acceptance of our Terms of Service and Privacy Policy.
Privacy Center | Do not sell my information


Lascia un commento

Il tuo indirizzo email non sarà pubblicato. I campi obbligatori sono contrassegnati *