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Headline

Orrick, MoFo suffer PEP falls at year-end

Comment

Bottom Feeders 2009 will be tough for everyone, but particularly tough for the bottom feeders. High volume/low margin models will be under enormous pressure as volume disappears. This will force them to take a look at their international offices which have been carried through the boom years. Partners in California who will be taking a pay cut for the first time for a long time, will start making noises about "investments" in Asia and elsewhere.

Posted date

14-Jan-2009

Posted time

7:04 am

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