Incoming 1st year at Kramer Levin
Posted: Wed Apr 08, 2020 6:49 pm
Any insight greatly appreciated. I'm going into one of the financial transactional groups. Any word about how COVID might be affecting everything?
So many people seem to be interested in what Kramer Levin is going to do!
I doubt anyone knows. It seems to be a well-managed, profitable firm with a decent profit margin (39%), so it’s as safe as most firms. I wouldn’t expect it to do any cuts or anything until the “elite” NY firms do.
Obviously not what you want to hear, and maybe someone from there has more insight, but I wouldn’t worry so much about Kramer Levin laying off or trimming salaries until the more profitable firms begin to. Of the more profitable firms making cuts, if you look at Orrick and Cad, they both had abysmal profit margins (23% and 25%).