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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.
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.
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?
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.
"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.
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?
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?
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.
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.
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.
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.
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.
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.
Why are you assuming they are chaff?Cogburn87 wrote:Chaff is chaff