Nov 20, 2007

New York law firms resist downsizing amid Wall Street downturn

I don't think the other top-tier New York [law] firms lay off associates anymore. I think they've learned their lesson from the last few downturns.

~ Scott Barshay, mergers and acquisitions partner, Cravath, Swaine & Moore, "Credit Market Collapse Claims Victims as Lawyers Exit,", November 20, 2007

(He added that his firm has never laid off associates. Cravath is New York's second-most profitable law firm.)

No comments: