US firms divided on partner promotions in face of worsening economic conditions
US firms have cut annual partner promotions amid mounting concerns about the economic downturn. Mayer Brown, Milbank Tweed Hadley & McCloy, Simpson Thacher & Bartlett and Weil Gotshal & Manges have all added fewer people to their partnerships than in 2007 after the legal market experienced widespread layoffs and a significant drop in workflow during […]