What is happening with Bingham Associates? Forum
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What is happening with Bingham Associates?
The partners fled to MoLew. Are the associates all going with, or is it everyman for himself.
- jbiresq
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Re: What is happening with Bingham Associates?
http://www.philly.com/philly/business/2 ... 3RuWbAB.99Morgan partners will vote this month on the exact number of Bingham associates who will get offers.
- fats provolone
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Re: What is happening with Bingham Associates?
how are your knife skills, anon?
- 84651846190
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Re: What is happening with Bingham Associates?
first prize is an associate position at MoLew
second prize is a set of steak knives
third prize is you're fired
second prize is a set of steak knives
third prize is you're fired
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Re: What is happening with Bingham Associates?
Apparently about 300-400 will go to Morgan. The rest are probably mostly fired, though some will stay with the other partners who are leaving for other firms or forming their own small firms.
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- Desert Fox
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Re: What is happening with Bingham Associates?
How many associates are there now?Anonymous User wrote:Apparently about 300-400 will go to Morgan. The rest are probably mostly fired, though some will stay with the other partners who are leaving for other firms or forming their own small firms.
Last edited by Desert Fox on Sat Jan 27, 2018 5:46 am, edited 1 time in total.
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Re: What is happening with Bingham Associates?
One of my good friends just accepted an SA offer from Bingham NY over other offers based on the Hiring Partner's repeated and earnest assurances that he'd be totally fine and safe.
Is this bro completely fucked?
Is this bro completely fucked?
- Desert Fox
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Re: What is happening with Bingham Associates?
He better start looking.Anonymous User wrote:One of my good friends just accepted an SA offer from Bingham NY over other offers based on the Hiring Partner's repeated and earnest assurances that he'd be totally fine and safe.
Is this bro completely fucked?
Last edited by Desert Fox on Sat Jan 27, 2018 5:46 am, edited 1 time in total.
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Re: What is happening with Bingham Associates?
This "mass lateral" just shows how little value any single law firm has. They're only worth their partners books of business. Culture, history, tradition, associates, support staff, mean nothing to the modern bigflaw firm.
Last edited by FSK on Sat Jan 27, 2018 5:29 pm, edited 1 time in total.
- mmelittlechicken
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Re: What is happening with Bingham Associates?
if you have to get assurances from the hiring partner that a firm isn't going under probably don't work there
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Re: What is happening with Bingham Associates?
Based on the NALP form looks like 360 Associates currentlyDesert Fox wrote:How many associates are there now?Anonymous User wrote:Apparently about 300-400 will go to Morgan. The rest are probably mostly fired, though some will stay with the other partners who are leaving for other firms or forming their own small firms.
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Re: What is happening with Bingham Associates?
"Morgan partners will vote this month on the exact number of Bingham associates who will get offers."Anonymous User wrote:The partners fled to MoLew. Are the associates all going with, or is it everyman for himself.
Sounds Promising
- Manhattan
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Re: What is happening with Bingham Associates?
Your friend doesn't sound like the sharpest tool in the shed...Anonymous User wrote:One of my good friends just accepted an SA offer from Bingham NY over other offers based on the Hiring Partner's repeated and earnest assurances that he'd be totally fine and safe.
Is this bro completely fucked?
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- Icculus
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Re: What is happening with Bingham Associates?
Yeah, this has been coming down the pipe for awhile now.Manhattan wrote:Your friend doesn't sound like the sharpest tool in the shed...Anonymous User wrote:One of my good friends just accepted an SA offer from Bingham NY over other offers based on the Hiring Partner's repeated and earnest assurances that he'd be totally fine and safe.
Is this bro completely fucked?
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Re: What is happening with Bingham Associates?
There was an associates meeting today.
1. Some associates will receive permanent offers tomorrow.
2. Some associates will receive offers through December 31st tomorrow.
3. Some associates will receive no offer.
4. The deal should close Friday.
5. Bingham will pay bonuses.
6. Bingham will continue providing benefits through December 31st. After that, moving associates will have to enroll in Morgan Lewis' plans.
7. Staff will be kept on or let go in stages.
8. All summer offers and new hire offers will be honored by Morgan Lewis.
1. Some associates will receive permanent offers tomorrow.
2. Some associates will receive offers through December 31st tomorrow.
3. Some associates will receive no offer.
4. The deal should close Friday.
5. Bingham will pay bonuses.
6. Bingham will continue providing benefits through December 31st. After that, moving associates will have to enroll in Morgan Lewis' plans.
7. Staff will be kept on or let go in stages.
8. All summer offers and new hire offers will be honored by Morgan Lewis.
- North
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Re: What is happening with Bingham Associates?
QFP. Surprised by #8. I guess Morgan figured it wasn't worth the ATL articles?Anonymous User wrote:There was an associates meeting today.
1. Some associates will receive permanent offers tomorrow.
2. Some associates will receive offers through December 31st tomorrow.
3. Some associates will receive no offer.
4. The deal should close Friday.
5. Bingham will pay bonuses.
6. Bingham will continue providing benefits through December 31st. After that, moving associates will have to enroll in Morgan Lewis' plans.
7. Staff will be kept on or let go in stages.
8. All summer offers and new hire offers will be honored by Morgan Lewis.
- shifty_eyed
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Re: What is happening with Bingham Associates?
I wonder what their offer rate will be though.North wrote:QFP. Surprised by #8. I guess Morgan figured it wasn't worth the ATL articles?Anonymous User wrote:There was an associates meeting today.
1. Some associates will receive permanent offers tomorrow.
2. Some associates will receive offers through December 31st tomorrow.
3. Some associates will receive no offer.
4. The deal should close Friday.
5. Bingham will pay bonuses.
6. Bingham will continue providing benefits through December 31st. After that, moving associates will have to enroll in Morgan Lewis' plans.
7. Staff will be kept on or let go in stages.
8. All summer offers and new hire offers will be honored by Morgan Lewis.
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- Desert Fox
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Re: What is happening with Bingham Associates?
Bingham has been hurting for a while. I'd be surprised if they were recruiting large classes.shifty_eyed wrote:I wonder what their offer rate will be though.North wrote:QFP. Surprised by #8. I guess Morgan figured it wasn't worth the ATL articles?Anonymous User wrote:There was an associates meeting today.
1. Some associates will receive permanent offers tomorrow.
2. Some associates will receive offers through December 31st tomorrow.
3. Some associates will receive no offer.
4. The deal should close Friday.
5. Bingham will pay bonuses.
6. Bingham will continue providing benefits through December 31st. After that, moving associates will have to enroll in Morgan Lewis' plans.
7. Staff will be kept on or let go in stages.
8. All summer offers and new hire offers will be honored by Morgan Lewis.
Last edited by Desert Fox on Sat Jan 27, 2018 5:46 am, edited 1 time in total.
- mmelittlechicken
- Posts: 4679
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Re: What is happening with Bingham Associates?
Did Bingham take that many summers? You'd think they'd keep the class pretty small given the looming shitshow.shifty_eyed wrote:I wonder what their offer rate will be though.North wrote:QFP. Surprised by #8. I guess Morgan figured it wasn't worth the ATL articles?Anonymous User wrote:There was an associates meeting today.
1. Some associates will receive permanent offers tomorrow.
2. Some associates will receive offers through December 31st tomorrow.
3. Some associates will receive no offer.
4. The deal should close Friday.
5. Bingham will pay bonuses.
6. Bingham will continue providing benefits through December 31st. After that, moving associates will have to enroll in Morgan Lewis' plans.
7. Staff will be kept on or let go in stages.
8. All summer offers and new hire offers will be honored by Morgan Lewis.
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Re: What is happening with Bingham Associates?
Morgan just copped like $100M in Bingham's liabilities. They don't give a shit about 50 new hire salaries, who will eventually generate revenue anyway.
Last edited by FSK on Sat Jan 27, 2018 5:29 pm, edited 1 time in total.
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Re: What is happening with Bingham Associates?
flawschoolkid wrote:Morgan just copped like $100M in Bingham's liabilities. They don't give a shit about 50 new hire salaries, whowill eventually generate revenue anywaythey will stealth after a year anyway.
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- Desert Fox
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Re: What is happening with Bingham Associates?
There are only 34 associates starting next year. That is roughly 1.5 associates for every 10 new partners. That isn't a high ratio at all.Cogburn87 wrote:flawschoolkid wrote:Morgan just copped like $100M in Bingham's liabilities. They don't give a shit about 50 new hire salaries, whowill eventually generate revenue anywaythey will stealth after a year anyway.
Last edited by Desert Fox on Sat Jan 27, 2018 5:46 am, edited 1 time in total.
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Re: What is happening with Bingham Associates?
Chaff is chaff
- Desert Fox
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Re: What is happening with Bingham Associates?
Why are you assuming they are chaff?Cogburn87 wrote:Chaff is chaff
Last edited by Desert Fox on Sat Jan 27, 2018 5:46 am, edited 1 time in total.
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Re: What is happening with Bingham Associates?
Bored mostly
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