msblaw89 wrote:HBBJohnStamos wrote:msblaw89 wrote:LFH_intheflesh wrote:Saying what we were all thinking. Their incoming SA will likely be smaller now too.
Counter-consideration: Having already downsized, they probably won't do it again for a while. This may make them a better choice than firms who have yet to shrink down to a size sustainable by the "new normal," and may be due for a lay-off in the future.
The other problem is ... What firms are due for a downsize/ lower pay?
That's obviously a judgment call on your part unless you have their book of business. New York offices won't lower their entry level pay though. Not going to attract top talent at 145 unless you're in a secondary market; ergo, better to lay off 7% of associates instead and let the lemmings keep running to you.
Right, it's tough to judge. I just want to avoid doing a SA with a firm that ends up being like Dewey and get totally blindsided
Weil is not like Dewey- they're very healthy, just never made the cuts during the downturn others did. They're extremely profitable and don't have partner guaranteed pay.