Howrey boss: shedding 60 partners is all part of a cunning plan

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  • RR should play more poker.. One should bluff much better than that for anyone to believe.

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  • I think the true number of partner departures in 2010 is in the mid-70s. It will be interesting to see whether January brings a new wave of departures, since January is the best time for an individual partner to minimize the firm's economic penalty on departing partners. If so, another wave of associate and staff cuts might not be far behind.

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  • Ruyak is losing it.
    1. He says that Howrey "needed to downsize" given advances in e-discovery ... by shedding the co-chair of the litigation department?
    2. Howrey "pay[s] associates too much" ... yet Howrey pays associates less than its ostensible peer firms who are doing better?
    3. The firm is considering merging with another law firm in the US, and that firm will likely have European offices ... such European offices being what Ruyak cites as a major cause of Howrey's death spiral?
    4. Folks are supposed to take comfort in Howrey taking a "one year covenant" with its banks? Isn't that actually a cause for ALARM?!
    Get out of Howrey immediately, folks. The clock's a tickin', and I don't think Howrey will make it to 2012.

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  • I am so glad I got out of there last April. Anyone who thinks losing key practices and partners is strategic is delusional in my opinion. And blaming it on conflicts makes about as much sense to me as blaming dinosaurs for global warming.

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  • What an embarrassment. Ruyak is desperate for a merger, but howrey is on the verge of collapse. There is nothing strategic about any of this. These practices aren't being "spun off", they are leaving because howrey is finished.

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  • Apparently cancelling this year's holiday party and replacing it with an in-office breakfast was part of the "master plan" as well. Bacon and eggs, anyone?

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  • Howrey Haiku

    The Law of Karma
    What goes around comes around
    Disfunctional firm

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  • howreydoin.wordpress.com.

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  • I am glad I decided to leave the firm in early 2009. Signs of decline were clearly visible. In my opinion, the cause is not conflicts. Conflicts have been around for as long as law firms have been around, and others have managed to be successful with it.
    The real cause is the inability to accept that European partners work and "tick" different from US partners. Applying the "what works in DC must work everywhere" approach clearly does not work. Listening to European partners has never been Ruyak´s strong suit. And referrals to, and integration of, European partners into the firm - total failure. That actually makes it pretty easy for people to leave and take their business with them.
    If 2010 was even worse than 2009, the firm will really face tough times.

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  • I love that there are former colleagues who feel compelled to make it clear to us all that they left VOLUNTARILY, they weren't forced to leave. OK buddy!

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  • Well, Anonymous at 4:53 a.m., if you know anything about the professional reputations of the gentlemen who appear to have posted, then you will understand that they are highly sought after attorneys and the notion that they were forced out is silly.

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  • Very telling that the "colleague" who insinuates that we didn't leave voluntarily doesn't have the guts to put his/her name to it. And that is my gripe about this article: it insinuates that every partner who left was "shed" to make the firm stronger. Let's all reconvene after the 2010 PPP gets released...

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  • I didn't insinuate anything; I believe you. I merely expressed my amusement at how eager you appear to be to let readers of a website know you left voluntarily. I would have assumed those who need to know, like clients, would have been told in some more direct way. The rest is vanity.

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  • well, 0:18, when your former colleague and managing partner/CEO takes to trashing you in the legal press, is it any wonder that people would like to correct the record? Not sure why you are calling this "vanity", I can only assume you are a poor sap who is stuck at Howrey with nowhere to go. Have fun when the padlock the doors.

    I WISH Russ and others would give a full on interview to The Lawyer or some other publication and give Ruyak the drubbing he deserves in the press.

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  • it's game over for Howrey

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  • I have an idea. Bring in a bunch a new associates and don't have them bill out to clients. We know there is no work for them, but its all part of the "master plan". Just wait. In a few years all the firms will all be following this model.
    About the only chance the firm has for survial now is to go into the commercial real estate leasing business. God knows they have enough space to lease out. Does anybody know who is working in their New York office these days? They still have an entire floor of the Citi Bank building. High profile departures in SF and LA will make those offices equally vacant.

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