Analysis US & The Americas Latham & Watkins: confession By The Lawyer 9 February 2009 17:49 13 December 2015 21:52 Sign in or register to continue reading. It's FREE Sign in Email Password Keep me logged in Forgot your password? Not registered? It's FREE! Register now Register with The Lawyer Bill Able 10 February 2009 at 04:51 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. Reply Link Paul 10 February 2009 at 08:43 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? Reply Link Bb 10 February 2009 at 16:07 jesus. you’ve appalled me before, but this article really is a new low. Reply Link Dude 11 February 2009 at 13:37 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. Reply Link Name Email Cancel reply Threaded commenting powered by interconnect/it code.