Categories:UK

The flight from decency

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  • I concur.

    Well said Sir. Banks are not the only firms that have demonstrated rapacious greed these past years.

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  • Wall Street firms

    Why is it that the leading Wall Street firms are not sacking people? For years, London firms have marketed themselves as friendly places to work - at least friendlier than the top Wall Street firms. This has excused poor pay being offered by the London firms. But now, in extreme conditions, it's the London firms that are sacking their lawyers. Watch how the Wall Street firms handle the crisis. Leading firms like Cravath, Davis Polk, Wachtell and S&C just don' t sack their lawyers. London has been kidding itself for years that its firms are a match for the old-line Wall Street firms.

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  • Sacrifice others to save your own bacon. Very brave.

    I do think more attention needs drawn to this sorry state of affairs. Certain elite partnerships are not prepared to accept the downturn affecting their own drawings (which would have still remained stellar by most objective standards), and resort to culling people and destroying their entire livelihoods. It is embarrassing to see firms do this whilst their revenues are on the increase or, even if dropping, are still very healthy. This is not about saving firms. It is about certain partners not accepting that a recession should result in a drop in their own earnings. Shame on you.

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  • aggressive US firms

    To say that US firms do not sack their lawyers is nonsense. They are very agressive and performance oriented, and frequenly let people go

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