Fresh Prince wrote:p1arnold wrote:thesealocust wrote:Fresh Prince wrote:Any big law firm, including DPW, could and would do what Latham did when put in that situation. They're businesses, not charities.
+1. Latham, from what I know, expanded heavily into an industry that collapsed. What were they supposed to do when the work immediately evaporated?
I still think it's a strike against them relative to firms which have managed to not conduct massive layoffs, but the risk that your firm will be heavily invested in an industry that goes belly up is universal.
I hear Texas is doing great now during the domestic oil boom - but as soon as that dries up or the next big thing comes along... this is just how the world works.
Latham has a partnership culture that will gladly lay off associates. A place like DPW has a partnership culture that would be more likely to take a hit in PPP rather than conduct massive layoffs to line their pockets.
That's the difference.
LOL "partnership culture."
Depends on how massive the PPP hit it is we're talking about. The kind sealoucust above is describing is, if it happened at DPW, something that would certainly cause mass layoffs at DPW.
And don't forget that DPW laid off associates during the recession as well.
Almost everyone laid associates off during the recession. And the fact that you think there isn't a huge difference between Latham and DPW partners means you're not speaking very intelligently. You can't get more different in terms of management and culture.