I have my memory, but no one here seems willing to buy it. Also, your analysis (I think) is based on the current V15-20. We have to look at the 2009 Vault rankings to assess my stability claim.IAFG wrote: So both of us have imperfect information. At best, we can say no one really knows for sure.
I'll do it for you:
1) Wachtell -- Nothing.
2) Cravath -- Stealth layoffs; double deferral.
3) S&C -- Stealth layoffs
4) DPW -- Stealth layoffs
5) Skadden -- Stealth layoffs, double deferral
6) Simpson -- Stealth layoffs, "voluntary" deferral
7) Latham -- Mass, public layoffs
8 ) Cleary -- Stealth layoffs
9) Weil -- Stealth layoffs, triple deferral
10) Kirkland -- Stealth layoffs
11) Covington -- salary freeze
12) Debevoise -- Stealth layoffs
13) Paul Weiss -- Stealth layoffs
14) Williams & Connolly -- Nothing
15) Sidley Austin -- Massive public layoffs; deferrals; might have been a salary freeze too.
16) Gibson Dunn -- Stealth layoffs
17) WilmerHale -- Stealth Layoffs, switch to "merit" compensation system; voluntary deferrals
18) White & Case -- Massive public layoffs; double deferral
19) Sherman & Sterling -- Stealth Layoffs; triple deferrals
20) Arnold & Porter -- Stealth layoffs; salary freeze; single deferral
While there are sprinkles here and there of bad things in the V10 (mostly Latham), the real shit starts happening at Sidley.
Let's try a point system:
2=Mass layoffs
1=Stealths
1=Compensation Adjustment
1=Deferrals
V1-5: 6
V6-10: 8
V11-15: 7
Vault 16-20: 12
Pretty big jump.
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