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Layoffs and no-offers at Winston Strawn
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Date: August 22nd, 2012 10:12 PM Author: Milky Big Parlor thoughts on this TTT that hired many ex-Dewey folk?
http://abovethelaw.com/2012/08/nationwide-layoff-and-no-offer-watch-winston-strawn/
Anyone know how the other offices are doing? Anyone know how other firms are doing? I'd imagine transactional is slow as shit right now at many firms |
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Date: August 22nd, 2012 10:33 PM Author: maroon vengeful macaca rigor Yeah, it's 2009-level slow right now but might just be because it's August. (http://www.autoadmit.com/thread.php?thread_id=2030330&forum_id=2#21399985) |
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Date: August 22nd, 2012 10:43 PM Author: ebony lascivious preventive strike university Yeah it is slow as fuk at my firm. I foresee layoffs in the near future. (http://www.autoadmit.com/thread.php?thread_id=2030330&forum_id=2#21400070) |
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Date: August 22nd, 2012 10:57 PM Author: Vivacious location We are a little slow right now. Somehow managing to fill the time with bullshit. (http://www.autoadmit.com/thread.php?thread_id=2030330&forum_id=2#21400177) |
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Date: August 22nd, 2012 10:58 PM Author: ebony lascivious preventive strike university im jelly bro (http://www.autoadmit.com/thread.php?thread_id=2030330&forum_id=2#21400186) |
Date: August 22nd, 2012 10:51 PM Author: cream vibrant halford idiot ... (http://www.autoadmit.com/thread.php?thread_id=2030330&forum_id=2#21400116) |
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Date: August 22nd, 2012 10:52 PM Author: ebony lascivious preventive strike university Winston is TTT but I see several other biglaw firms in same prestige bracket doing this by the end of the year. (http://www.autoadmit.com/thread.php?thread_id=2030330&forum_id=2#21400128) |
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Date: August 22nd, 2012 10:55 PM Author: cream vibrant halford idiot ... (http://www.autoadmit.com/thread.php?thread_id=2030330&forum_id=2#21400161) |
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Date: August 22nd, 2012 10:57 PM Author: ebony lascivious preventive strike university DLA Piper
Katten Munich
Greenberg Traurig
Lord Locke Bissell
Glasser Weil
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Date: August 22nd, 2012 11:01 PM Author: cream vibrant halford idiot (http://www.autoadmit.com/thread.php?thread_id=2030330&forum_id=2#21400205) |
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Date: August 22nd, 2012 11:02 PM Author: ebony lascivious preventive strike university word of mouth amongst bros who are slow (http://www.autoadmit.com/thread.php?thread_id=2030330&forum_id=2#21400228) |
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Date: August 22nd, 2012 11:03 PM Author: supple arrogant gas station police squad out firm (http://www.autoadmit.com/thread.php?thread_id=2030330&forum_id=2#21400248) |
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Date: August 23rd, 2012 2:25 AM Author: Passionate whorehouse karate (http://www.autoadmit.com/thread.php?thread_id=2030330&forum_id=2#21401991) |
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Date: August 23rd, 2012 1:55 AM Author: Violent fiercely-loyal yarmulke regret I know somebody stealthed in LA in corporate and things are slow there in general.
I don't know much about Winston as a whole other than that my ex-kirkland colleagues thought it was a cut below sidley and Jenner, at least in lit.
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Date: August 23rd, 2012 1:56 AM Author: glittery orange really tough guy I know 4 confirmed stealthy this month broseph... (http://www.autoadmit.com/thread.php?thread_id=2030330&forum_id=2#21401869) |
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Date: August 23rd, 2012 2:13 AM Author: Mahogany chapel OUT FIRMS (http://www.autoadmit.com/thread.php?thread_id=2030330&forum_id=2#21401940) |
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Date: August 23rd, 2012 1:59 AM Author: Mahogany chapel OUT FIRM (http://www.autoadmit.com/thread.php?thread_id=2030330&forum_id=2#21401885) |
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Date: August 23rd, 2012 12:33 PM Author: Violent fiercely-loyal yarmulke regret oh i guess it wasn't clear i was referring to winston LA. (http://www.autoadmit.com/thread.php?thread_id=2030330&forum_id=2#21403525) |
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Date: August 23rd, 2012 2:04 AM Author: charismatic kitty reading party Chances the slowness is due to it just being August? (http://www.autoadmit.com/thread.php?thread_id=2030330&forum_id=2#21401907) |
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Date: August 23rd, 2012 2:08 AM Author: Mahogany chapel zero (http://www.autoadmit.com/thread.php?thread_id=2030330&forum_id=2#21401920) |
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Date: August 23rd, 2012 2:55 AM Author: Milky Big Parlor if it was just a matter of August being slow every year, they wouldn't cut ppl (http://www.autoadmit.com/thread.php?thread_id=2030330&forum_id=2#21402111) |
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Date: August 23rd, 2012 2:06 AM Author: Light exciting market Can someone explain to me why stealth layoffs are such a big deal?
I thought like 90% of people are gone by third or fourth year anyway. Don't half of them get fired? |
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Date: August 23rd, 2012 2:08 AM Author: glittery orange really tough guy Brother, have you heard about 2009 (http://www.autoadmit.com/thread.php?thread_id=2030330&forum_id=2#21401918) |
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Date: August 23rd, 2012 2:08 AM Author: Mahogany chapel these days people hang on to their biglaw jobs as long as possible. (http://www.autoadmit.com/thread.php?thread_id=2030330&forum_id=2#21401923) |
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Date: August 23rd, 2012 2:10 AM Author: Thriller umber hospital cuz you have a set period of time before your career as you knew it is pwned. once u are jobless it's hard to get back into biglaw. (http://www.autoadmit.com/thread.php?thread_id=2030330&forum_id=2#21401926) |
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Date: August 23rd, 2012 2:11 AM Author: Mahogany chapel not for earl! (http://www.autoadmit.com/thread.php?thread_id=2030330&forum_id=2#21401933) |
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Date: August 23rd, 2012 2:14 AM Author: Light exciting market I understand that, but I thought everyone knew going in they wouldn't make it to their 4th year. Thus, I'm not sure why this board finds them firing 4th years to be newsworthy. I thought that's what was expected. (http://www.autoadmit.com/thread.php?thread_id=2030330&forum_id=2#21401945) |
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Date: August 23rd, 2012 2:22 AM Author: Mahogany chapel these shithole firms arent support to be stealthing 4th years anymore (http://www.autoadmit.com/thread.php?thread_id=2030330&forum_id=2#21401977) |
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Date: August 23rd, 2012 3:18 AM Author: Plum exhilarant lettuce station you thought firing 4th years was "expected"? are you the dumbest person who ever lived? i didn't think i'd ever meet him but holy shit. how's everything brother? (http://www.autoadmit.com/thread.php?thread_id=2030330&forum_id=2#21402214) |
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Date: August 23rd, 2012 12:41 PM Author: unholy stage quadroon You're more valuable as a 4th-6th year than you are as a 2/3rd year, brother. If you make it to your 4th year, you probably know what you have to do to keep yr job another 2 years. (http://www.autoadmit.com/thread.php?thread_id=2030330&forum_id=2#21403572) |
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Date: August 23rd, 2012 8:06 AM Author: cream vibrant halford idiot (http://www.autoadmit.com/thread.php?thread_id=2030330&forum_id=2#21402527) |
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Date: August 23rd, 2012 8:37 AM Author: provocative state is thar why as a 4th year, all of a sudden my practice group partner fired another associate and gave me his entire patent prosecution docket even though i have nearly zero experience in pat. pros.? he thinks i'm just going to bend over and take it. i'm quitting monday. (http://www.autoadmit.com/thread.php?thread_id=2030330&forum_id=2#21402564) |
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Date: August 23rd, 2012 12:34 PM Author: cream vibrant halford idiot (http://www.autoadmit.com/thread.php?thread_id=2030330&forum_id=2#21403530) |
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Date: August 23rd, 2012 1:00 PM Author: razzle box office legal warrant Hire me!!!! (http://www.autoadmit.com/thread.php?thread_id=2030330&forum_id=2#21403698) |
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Date: August 23rd, 2012 8:59 AM Author: Laughsome bright address I believe it used to be that lots of people quit because of the crushing workload. Now everyone just stays with the lighter workload and lack of exit options. Hence, firings. (http://www.autoadmit.com/thread.php?thread_id=2030330&forum_id=2#21402590) |
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Date: August 23rd, 2012 9:30 AM Author: ocher range lolno, a vast majority of departures by 4-5th year are voluntary. Here's the distinction between "typical" squeeze out and ITE stealth layoffs.
===TYPICAL SQUEEZE=== T-2 years, 4 months from fucked: "Jim, looking at your review, there are a few signs of concern. You're only billing 2000 and 200 of them are pro bono. You got a below-average rating from Partner Fuckjob. I'd just be careful." T-1 year, 4 months from fucked: "Jim, things aren't looking up. And now you've got two below-average ratings. Your billables are up, but so are pro bono. And it doesn't look like you're taking on significant work. We'll probably have an interim review." T-10 months from fucked: "Jim, I don't know that things are going to turn around for you by the end of the year. You may want to be looking." T-4 months from fucked: "Jim, we'll have to let you go at the end of the year." ****NOTE that in this scenario, only clueless aspies or truly delusional suckers get fired. Everyone else laterals fast. ===ITE STEALTH LAYOFF=== *holds review 2 months earlier than normal* *inserts a number of expectations never articulated at any previous time* *fires a significant number* |
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Date: August 23rd, 2012 9:50 AM Author: Laughsome bright address TY (http://www.autoadmit.com/thread.php?thread_id=2030330&forum_id=2#21402728) |
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Date: August 23rd, 2012 6:14 PM Author: razzle box office legal warrant Back before the profession was fucked, everyone had at least 3-4 years before they were politely informed that they won't be making partner and should consider other options. They were given something like 6 months to find a new job, which invariably they did, either at another biglaw firm or in-house. Many partners even helped set these guys up with clients so that they would be grateful to the firm and relations remained amiable. Generally, people wouldn't even wait for that as people were getting various offers all the time.
Now we get people thrown out with little to no warning just because there isn't work and because no one is firing their careers are often over. |
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Date: August 23rd, 2012 8:11 AM Author: wine lodge My firm is dead. Not looking good. (http://www.autoadmit.com/thread.php?thread_id=2030330&forum_id=2#21402532) |
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Date: August 23rd, 2012 8:33 AM Author: razzle-dazzle base dopamine DEAD (http://www.autoadmit.com/thread.php?thread_id=2030330&forum_id=2#21402558) |
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Date: August 23rd, 2012 9:15 AM Author: Electric haunted graveyard Thanks for the early morning sphincter tightening thread, asshole! (http://www.autoadmit.com/thread.php?thread_id=2030330&forum_id=2#21402633) |
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Date: August 23rd, 2012 9:51 AM Author: Laughsome bright address (http://www.autoadmit.com/thread.php?thread_id=2030330&forum_id=2#21402729) |
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Date: August 23rd, 2012 12:05 PM Author: Milky Big Parlor tyty (http://www.autoadmit.com/thread.php?thread_id=2030330&forum_id=2#21403322) |
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Date: August 23rd, 2012 4:22 PM Author: Laughsome bright address (http://www.autoadmit.com/thread.php?thread_id=2030330&forum_id=2#21404976) |
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Date: August 23rd, 2012 7:55 PM Author: Electric haunted graveyard (http://www.autoadmit.com/thread.php?thread_id=2030330&forum_id=2#21406411) |
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Date: August 23rd, 2012 11:31 AM Author: Fantasy-prone abode Niche high end wealth management is going fucking gangbusters at my firm, fucking gangbusters. Trusting, estating, finding local counsel for rich kids getting DUIs by day, coppin dem Effen bottles by night. (http://www.autoadmit.com/thread.php?thread_id=2030330&forum_id=2#21403167) |
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Date: August 23rd, 2012 12:10 PM Author: Aphrodisiac cobalt faggot firefighter (http://www.autoadmit.com/thread.php?thread_id=2030330&forum_id=2#21403349) |
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Date: August 23rd, 2012 12:06 PM Author: Milky Big Parlor i know a chick in corporate at a V100 in SF bay area; billing like 60/month for the past 6 months or so (http://www.autoadmit.com/thread.php?thread_id=2030330&forum_id=2#21403329) |
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Date: August 23rd, 2012 12:08 PM Author: boyish indian lodge are firms that bad now? fml. i want a new in-house jerb next year and i don't want to be competing with all these biglaw corpses. (http://www.autoadmit.com/thread.php?thread_id=2030330&forum_id=2#21403344) |
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Date: August 23rd, 2012 12:10 PM Author: very tactful brunch liquid oxygen Chicago totals:
Kirkland: offered 50 of 50 (or so)
Sidley: offered 41 of 41, no layoffs
Mayer Brown: offered 30 of 30, no layoffs
Jenner: offered 14 of14, no layoffs
Winston: offered 22 of 31, significant layoffs and this has been going on for some time, just now being reported.
100% offers for Skadden and Latham |
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Date: August 23rd, 2012 12:11 PM Author: Ivory Dysfunction KIRKLAND & ELLIS SHATTERS THE SUMMER ASSOCIATE MARKET (http://www.autoadmit.com/thread.php?thread_id=2030330&forum_id=2#21403363) |
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Date: August 23rd, 2012 12:22 PM Author: very tactful brunch liquid oxygen K&E is playing a different game in Chicago than everyone else, they have no peer. Probably better life for a sidley associate but as for firm strength, the death star reigns supreme. (http://www.autoadmit.com/thread.php?thread_id=2030330&forum_id=2#21403437) |
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Date: August 23rd, 2012 12:36 PM Author: cream vibrant halford idiot ... (http://www.autoadmit.com/thread.php?thread_id=2030330&forum_id=2#21403542) |
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Date: August 23rd, 2012 12:41 PM Author: ocher range K&E is 6 turns into Go and you just broke the seal on Candyland. (http://www.autoadmit.com/thread.php?thread_id=2030330&forum_id=2#21403575) |
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Date: August 23rd, 2012 12:12 PM Author: floppy khaki den (http://www.autoadmit.com/thread.php?thread_id=2030330&forum_id=2#21403374) |
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Date: August 23rd, 2012 12:12 PM Author: racy costumed pozpig menage What would y'all tell someone about to start at a lower V100 in a secondary market, in real estate/corporate? Switch to litigation? (http://www.autoadmit.com/thread.php?thread_id=2030330&forum_id=2#21403372) |
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Date: August 23rd, 2012 12:13 PM Author: boyish indian lodge what city? (http://www.autoadmit.com/thread.php?thread_id=2030330&forum_id=2#21403384) |
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Date: August 23rd, 2012 12:18 PM Author: racy costumed pozpig menage A secondary western city with a touchy RE/corp market. One of Orange County, San Diego, Las Vegas, Phoenix, San Antonio, Austin. (http://www.autoadmit.com/thread.php?thread_id=2030330&forum_id=2#21403414) |
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Date: August 23rd, 2012 12:36 PM Author: boyish indian lodge i dunno much about litigation in those markets but i would never switch from corp to lit for the sake of keeping a job. corp and lit are two different careers. if you want to do real estate/corp, then just do it and hope for the best. if you just want to be employed then it might be worthwhile to switch depending on whether lit is busier at your firm than RE/corp. (http://www.autoadmit.com/thread.php?thread_id=2030330&forum_id=2#21403547) |
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Date: August 23rd, 2012 12:44 PM Author: bearded chrome people who are hurt center I agree with this. In fact, I'd go as far to say it's probably better to switch from lit to Corp/RE than the other way around.
If you do lit, you better like lit, because your job possibilities as a litigator, particularly if you don't have much experience, are pretty narrow. |
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Date: August 23rd, 2012 12:49 PM Author: Talented tattoo Blatant Texas is in the west trolling (http://www.autoadmit.com/thread.php?thread_id=2030330&forum_id=2#21403631) |
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Date: August 23rd, 2012 12:39 PM Author: Violent fiercely-loyal yarmulke regret no, lit gives you no exit options except MOAR LIT (generally speaking), so unless you're cool w/ that, stick w/ corporate. (http://www.autoadmit.com/thread.php?thread_id=2030330&forum_id=2#21403562) |
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Date: August 23rd, 2012 12:18 PM Author: ebony lascivious preventive strike university i saw hours for a ton of people at my firm. offices are SLOW AS FUCK. A few lit bros still copping dat 200 hour month while others pick up 80-100 at best. (http://www.autoadmit.com/thread.php?thread_id=2030330&forum_id=2#21403410) |