Latham actually has less leverage than Simpson and ClearyJohann wrote:ALL Firms will slash and burn when they need to. HOWEVER not every firm positions themselves and LEVERAGES themselves to ass/part ratios that make the slash and burn more necessary. i.e. compare Latham to Simpson/Cleary. SImpson and CLeary with almost twice as many partners in the p:a ratio so they have the work providers to work leeches in case things dry up. I don't know this for sure, but I'd wager lots of money that Cleary and Simpson are stealthing way fewer people right now and laid off way less people/respected incoming associates budgeted in 2008 than LathamNpret wrote:You are trying to "out" the firm with no evidence and ignoring the multiple people wh have said that all firms will do this so be prepared that it can happen.Anonymous User wrote:My gut says Weil. Totally speculation/anecdotal, but I feel like in the last few years they went from S&C/DP peer to a poor man's K&E/Latham and have been losing partners (including, sadly, Harvey Miller). Plus they already laid some people off a couple years ago.
Agree that OP should definitely not out the firm, as curious as I am.
Edit: Apparently Weil isn't even a V10 any more. I guess my anecdotal observation has played out a bit already.
How does making shit up based on your "gut" add anything?
Are you so desperate to hang onto your delusions about biglaw and some idea that V10 is a magic number?
1. Covington & Burling (V13) – 2.09
2. Wachtell Lipton Rosen & Katz (V1) – 2.11
3. Gibson Dunn & Crutcher (V11) – 3.08
4. Quinn Emanuel Urquhart & Sullivan (V15) – 3.32
5. Skadden, Arps, Slate, Meagher & Flom (V3) – 3.47
6. Kirkland & Ellis (V7) – 3.61
7. Sullivan & Cromwell (V4) – 3.71
8. Latham & Watkins (V10) – 3.80
9. Simpson Thacher & Bartlett (V6) – 4.14
10. Cravath, Swaine & Moore (V2) – 4.24
11. Davis Polk & Wardwell (V5) – 4.86
12. Cleary Gottlieb Steen & Hamilton (V8) – 5.36
13. Boies, Schiller & Flexner (V12) – 5.38
14. Weil, Gotshal & Manges (V9) – 5.48
15. Paul, Weiss, Rifkind, Wharton & Garrison (V14) – 5.80
Source: http://abovethelaw.com/2016/05/ny-to-19 ... -leverage/