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Can anyone confirm the davis polk layoffs?
Poast new message in this thread
Date: February 19th, 2009 9:16 PM Author: poppy elastic band My sources tell me stealth layoffs are going on. Truth? (http://www.autoadmit.com/thread.php?thread_id=936716&forum_id=2#10956866) |
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Date: February 19th, 2009 9:56 PM Author: vivacious main people heard the same thing.
i'm not surprised. when was the last ipo? |
Date: February 19th, 2009 9:58 PM Author: balding glassy stead chad There are no layoffs at DPW beyond performance-related decisions taken in the ordinary course. (http://www.autoadmit.com/thread.php?thread_id=936716&forum_id=2#10957241) |
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Date: February 19th, 2009 9:59 PM Author: French Kink-friendly Menage lol. hi, davis hiring partner. (http://www.autoadmit.com/thread.php?thread_id=936716&forum_id=2#10957245) |
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Date: February 19th, 2009 9:59 PM Author: Irradiated Iridescent Nursing Home Masturbator Which are running 10x the normal dings. (http://www.autoadmit.com/thread.php?thread_id=936716&forum_id=2#10957246) |
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Date: February 19th, 2009 10:00 PM Author: balding glassy stead chad Obviously in this economy the poorly performing associates are less likely to leave the firm voluntarily so they will layoff more people even if they keep the same standard for performance layoffs. (http://www.autoadmit.com/thread.php?thread_id=936716&forum_id=2#10957259) |
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Date: February 19th, 2009 9:59 PM Author: Infuriating citrine legend lol as if you have any fucking clue (http://www.autoadmit.com/thread.php?thread_id=936716&forum_id=2#10957248) |
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Date: February 19th, 2009 10:01 PM Author: Henna Jew Wagecucks lol no one gets fired for performance at these firms (http://www.autoadmit.com/thread.php?thread_id=936716&forum_id=2#10957266) |
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Date: February 19th, 2009 10:03 PM Author: vivacious main people call it whatever you want. fact of the matter is, i've heard that people are being forced out -- a LOT more people than normal.
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Date: February 19th, 2009 10:06 PM Author: balding glassy stead chad Look, this is not hard to understand. In a normal economy, the crappy associates leave on their own because they have other places to go. In this economy, the crappy associates stick around as long as they can because they have nowhere else to go. Hence, law firms do more performance related layoffs. But the point is that the associates who are laid off in this economy are still bad associates who would have been laid off in any other economy if they had happened to stick around. (http://www.autoadmit.com/thread.php?thread_id=936716&forum_id=2#10957298) |
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Date: February 19th, 2009 10:07 PM Author: French Kink-friendly Menage you're a davis man through and through, eh? (http://www.autoadmit.com/thread.php?thread_id=936716&forum_id=2#10957306) |
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Date: February 19th, 2009 10:09 PM Author: Underhanded den Hes obviously flame. (http://www.autoadmit.com/thread.php?thread_id=936716&forum_id=2#10957321) |
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Date: February 19th, 2009 10:10 PM Author: balding glassy stead chad Obviously. There hasn't been a lower attrition rate in this economy and the bad associates in this economy tend to leave on their own because they have tons of other opportunities, just like before. (http://www.autoadmit.com/thread.php?thread_id=936716&forum_id=2#10957327) |
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Date: February 20th, 2009 8:52 AM Author: cordovan hall gunner In a normal economy, a good number of the best (at the top firms since they usually had pretty good exit options) and a lot of middle performing associates leave as well. So some of these "bad associates" being forced out now are probably more like a normal economy's middle performance associates.
How much longer can DPW be considered a top firm based on selectivity? S&C, Skadden, STB and Cleary are more profitable and seem to have more impressive deal resumes not just now but normally as well (but are less selective at the associate level). |
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Date: February 19th, 2009 11:54 PM Author: grizzly floppy dragon rehab This is the same as the party line from Latham, but somehow that puts us on the deathwatch and generates five threads a day. (http://www.autoadmit.com/thread.php?thread_id=936716&forum_id=2#10958159) |
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Date: February 19th, 2009 10:07 PM Author: Glittery Overrated Becky I have heard this rumor too.
I'm not surprised. This is the firm that tried to pay no bonus in good times not too long ago.
Fuck them. |
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Date: March 14th, 2011 2:26 PM Author: Vigorous Lemon Indirect Expression (http://www.autoadmit.com/thread.php?thread_id=936716&forum_id=2#17506819) |