Simpson ditches dead weight

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  • Hot air

    I work at the firm and there is nothing happening here that (a) hasn't always happened and (b) isn't happening at our peer firms.

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  • Actually, yes

    I also work at the firm (for the time being!).
    Yes, rumor has it that plenty of people have been given the 'opportunity' chat. In fact, I can't think what work will be given to the huge incoming M&A class.

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  • Standard operating procedure

    I used to work at STB and can tell you that this is nothing new; it's standard operating procedure for the Personnel Committee and has been going on for years.

    They may have this discussion with more associates in a tough year, and fewer associates in a boom year, but this is how they quietly manage their headcount.

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