Milbank suffers 16 per cent profit drop By The Lawyer 20 February 2009 16:50 13 December 2015 15:34 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 Anon 21 February 2009 at 00:56 The future “Better not join a Wall Street firm. They may pay more, but they’re the first to cut in a downturn.” Doesn’t look that way to me. I suspect after this downturn, the US firms will take over London, just like US firms have taken over management consulting and investment banking. Anyone who can will move straight to a US firm. Maybe a couple of masochists will stay at Linklaters. Reply Link Name Email Cancel reply Threaded commenting powered by interconnect/it code.