Expansion in der Rezession

In Zeiten nach hinten verlegter Associate-Einstellungstermine, Associate-Entlassungen und angedachter Gehaltskürzungen wirken solche Berichte wie aus einem Parallel-Universum: A question: Could the grim economic times be a recruiting boon for firms like Wachtell, Cravath, and S&C? These firms are known for being "hard core" and intense; they're not the easiest Biglaw shops to work for. They're all known for punishing hours, especially Wachtell; Cravath has those bedbugs; and S&C has those lawsuits, filed by allegedly abused associates. But these firms are unbelievably profitable, extremely stable financially, and so invested in their institutional prestige that they'd rather take a hit to their sky-high profits per partner than to their reputations. This makes it highly unlikely that they'd ever lay off associates or cut salaries (or, in Wachtell's case, dole out…

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Themen: Anwaltsmarkt , Karriere

Erschienen 24. Mai 2008 auf http://www.jurabilis.de.

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