December 23, 2008
by Carolyn Elefant
And so, another biglaw firm — this time, 150 year-old New York based Thacher, Profitt — comes tumbling down. But though the names may change (think Heller, Ehrman, Thelen and Brobeck.com) the circumstances are virtually identical: Step 1: Each firm suffers some kind of economic crisis. Step 2: Rainmaking partners panic and begin to jump [...]
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Biglaw to Solo
October 28, 2008
by Carolyn Elefant
Law may be governed by precedent, but oh how soon we forget. Once upon, the behemoth law firm Skadden, Arps, Meagher & Flom was just a trio of fellows named Marshall, John and Les who had the crazy idea to hang out their own shingle. Yet now, forty years later, as the economy tanks and [...]
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Big Law/Small Law