Latham & Watkins: confession

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  • Awe? Shucks

    Why everyone is in awe of managers who have a 21% drop in profits in their second best year ever is anyone's guess.

    Take a look at a more balanced firm like Weil Gotshal if you want to be in awe. Same global model but counter cyclical.

    Latham will be firing and Weil will be hiring.

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  • calm down

    Is it just me, or is The Lawyer getting more and more snide and patronising in its commentary, not just about Lathams but law firms generally?

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  • jesus.

    you've appalled me before, but this article really is a new low.

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  • Problem at Lathams

    Whatever way you look at it, a 20% profit drop on 4% less revenue is a problem. A real problem with costs in particular. There will be some really radical steps which will threaten the much-vaunted collegial Lathams culture. It has had a great run - and a lot of praise from the press (including The Lawyer). But now it's coming to an end. It's reasonable for journalists to point to that especially when they're confronted with PR guff that insults the intelligence of any observer.

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