What is happening with Bingham Associates? Forum

[Anonymous User]

The partners fled to MoLew. Are the associates all going with, or is it everyman for himself.

[jbiresq]

Morgan partners will vote this month on the exact number of Bingham associates who will get offers.

http://www.philly.com/philly/business/2 ... 3RuWbAB.99

[fats provolone]

how are your knife skills, anon?

[84651846190]

first prize is an associate position at MoLew
second prize is a set of steak knives
third prize is you're fired

[Anonymous User]

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.

[Desert Fox]

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.

How many associates are there now?

[Anonymous User]

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?

[Desert Fox]

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?

He better start looking.

[FSK]

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.

[mmelittlechicken]

if you have to get assurances from the hiring partner that a firm isn't going under probably don't work there

[dstars823]

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.

How many associates are there now?

Based on the NALP form looks like 360 Associates currently

[Anonymous User]

The partners fled to MoLew. Are the associates all going with, or is it everyman for himself.

"Morgan partners will vote this month on the exact number of Bingham associates who will get offers."

Sounds Promising

[Manhattan]

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?

Your friend doesn't sound like the sharpest tool in the shed...

[Icculus]

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?

Your friend doesn't sound like the sharpest tool in the shed...

Yeah, this has been coming down the pipe for awhile now.

[Anonymous User]

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.

[North]

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.

QFP. Surprised by #8. I guess Morgan figured it wasn't worth the ATL articles?

[shifty_eyed]

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.

QFP. Surprised by #8. I guess Morgan figured it wasn't worth the ATL articles?

I wonder what their offer rate will be though.

[Desert Fox]

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.

QFP. Surprised by #8. I guess Morgan figured it wasn't worth the ATL articles?

I wonder what their offer rate will be though.

Bingham has been hurting for a while. I'd be surprised if they were recruiting large classes.

[mmelittlechicken]

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.

QFP. Surprised by #8. I guess Morgan figured it wasn't worth the ATL articles?

I wonder what their offer rate will be though.

Did Bingham take that many summers? You'd think they'd keep the class pretty small given the looming shitshow.

[FSK]

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.

[Cogburn87]

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 they will stealth after a year anyway.

[Desert Fox]

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 they will stealth after a year anyway.

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]

Chaff is chaff

[Desert Fox]

Chaff is chaff

Why are you assuming they are chaff?

[Cogburn87]

Bored mostly