/9918578/Banner

/9918578/Banner_2

/9918578/Mid

section

articleId

product

orgType

parrefer

accountID

Consulting

Banking

Accounting

Fintech

Internships

Rankings

Internship Rankings

Intern Resource Center

Explore Internships

Vault Law Home

Practice Area Resource Centers

Regional Resource Centers

Summer Program Resource Center

Vault Law Culture & Inclusion Survey

Vault Law

Guides

Events

Financial Services

Technology

Grad School

Work Relationships

Productivity

Diversity, Equity & Inclusion

Social Impact

Remote Work

Negotiating

Changing Jobs

Workplace Issues

Blog

Resume Samples

Cover Letter Samples

Interview Tips & Questions

A Day in the Life

International

Career Readiness

Explore Professions

Research Industries

Search Companies

Career Advice

Employers

Schools

&lt;p class=&quot;MsoNormal&quot; style=&quot;MARGIN: 0in 0in 0pt&quot;&gt;Speaking of the coming &lt;span style=&quot;mso-bidi-font-weight: bold&quot;&gt;&lt;span style=&quot;mso-bidi-font-weight: bold&quot;&gt;obsolescence of&lt;/span&gt;&lt;/span&gt;, check out this opener from today&amp;#8217;s &lt;i style=&quot;mso-bidi-font-style: normal&quot;&gt;&lt;i style=&quot;mso-bidi-font-style: normal&quot;&gt;NY Times&lt;/i&gt;&lt;/i&gt;&lt;?xml:namespace prefix=&quot;o&quot; ns=&quot;urn:schemas-microsoft-com:office:office&quot;?&gt;&lt;o:p&gt;&amp;nbsp;&lt;/o:p&gt;&lt;/p&gt;&lt;p class=&quot;MsoNormal&quot; style=&quot;MARGIN: 0in 0in 0pt&quot;&gt;&lt;o:p&gt;&lt;/o:p&gt;&amp;nbsp;&lt;/p&gt;&lt;p class=&quot;MsoNormal&quot; style=&quot;MARGIN: 0in 0in 0pt&quot;&gt;&lt;i style=&quot;mso-bidi-font-style: normal&quot;&gt;&amp;#8220;You know things are bad when even lawyers are getting laid off. In downturns of years past, law firms exploited corporate failures and bitter, protracted lawsuits to keep busy and keep billing.&amp;#8221;&lt;o:p&gt;&lt;/o:p&gt;&lt;/i&gt;&lt;/p&gt;&lt;p class=&quot;MsoNormal&quot; style=&quot;MARGIN: 0in 0in 0pt&quot;&gt;&lt;o:p&gt;&amp;nbsp;&lt;/o:p&gt;&lt;/p&gt;&lt;p class=&quot;MsoNormal&quot; style=&quot;MARGIN: 0in 0in 0pt&quot;&gt;Well, that&amp;#8217;s one way to say &amp;#8220;making lemonade&amp;#8221; (and take a swipe at lawyers).&lt;span style=&quot;mso-spacerun: yes&quot;&gt;&amp;nbsp; &lt;/span&gt;The rest of the piece rehashes the parade of horribles familiar to all BigLaw observers: dissolution (e.g. Thelen), layoffs (White &amp;amp; Case) and mergers of necessity (PoGo). &lt;span style=&quot;mso-spacerun: yes&quot;&gt;&amp;nbsp;&lt;/span&gt;Then this observation:&lt;/p&gt;&lt;p class=&quot;MsoNormal&quot; style=&quot;MARGIN: 0in 0in 0pt&quot;&gt;&lt;o:p&gt;&amp;nbsp;&lt;/o:p&gt;&lt;/p&gt;&lt;p class=&quot;MsoNormal&quot; style=&quot;MARGIN: 0in 0in 0pt&quot;&gt;&lt;i style=&quot;mso-bidi-font-style: normal&quot;&gt;&amp;#8220;A wave of big company litigation &amp;#8212; those suits that pit armies of associates against each other &amp;#8212; has also not materialized. A recent survey by one big firm, Fulbright &amp;amp; Jaworski, found fewer large companies reporting new lawsuits against them this year.&amp;#8221;&lt;o:p&gt;&lt;/o:p&gt;&lt;/i&gt;&lt;/p&gt;&lt;p class=&quot;MsoNormal&quot; style=&quot;MARGIN: 0in 0in 0pt&quot;&gt;&lt;i style=&quot;mso-bidi-font-style: normal&quot;&gt;&lt;o:p&gt;&amp;nbsp;&lt;/o:p&gt;&lt;/i&gt;&lt;/p&gt;&lt;p class=&quot;MsoNormal&quot; style=&quot;MARGIN: 0in 0in 0pt&quot;&gt;I think it fair to say that the &lt;i style=&quot;mso-bidi-font-style: normal&quot;&gt;Times&lt;/i&gt; drops the ball by relying on that survey. As&amp;nbsp;this blog noted here, &lt;/p&gt;&lt;p class=&quot;MsoNormal&quot; style=&quot;MARGIN: 0in 0in 0pt&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;p class=&quot;MsoNormal&quot; style=&quot;MARGIN: 0in 0in 0pt&quot;&gt;&lt;em&gt;&amp;#8220;Unfortunately, the extra-fluid nature of the ongoing financial mess renders the findings of any such&amp;nbsp;annual survey immediately stale.&amp;nbsp;&amp;nbsp; The Fulbright survey was conducted between mid-May through mid-July of this year.&amp;nbsp; In other words, post-Bear Stearns&amp;#8217; demise and the start of the subprime implosion yet before the bloodbath of the last two months.&amp;#8221;&lt;/em&gt;&amp;nbsp;&lt;span style=&quot;mso-spacerun: yes&quot;&gt;&amp;nbsp;&lt;/span&gt;&lt;/p&gt;&lt;p class=&quot;MsoNormal&quot; style=&quot;MARGIN: 0in 0in 0pt&quot;&gt;&lt;span style=&quot;mso-spacerun: yes&quot;&gt;&lt;/span&gt;&amp;nbsp;&lt;/p&gt;&lt;p class=&quot;MsoNormal&quot; style=&quot;MARGIN: 0in 0in 0pt&quot;&gt;And as was discussed (just for example) here and&amp;nbsp; here, there is reason to&amp;nbsp;believe&amp;nbsp;that a spate of &lt;/p&gt;&lt;p class=&quot;MsoNormal&quot; style=&quot;MARGIN: 0in 0in 0pt&quot;&gt;&lt;s&gt;exploitation&amp;nbsp;&lt;/s&gt;&amp;#8220;countercyclical&amp;#8221; work will develop for BigLaw associates.&lt;span style=&quot;mso-spacerun: yes&quot;&gt;&amp;nbsp; &lt;/span&gt;Cold comfort for their laid-off colleagues, but still.&lt;/p&gt;&lt;p class=&quot;MsoNormal&quot; style=&quot;MARGIN: 0in 0in 0pt&quot;&gt;&lt;o:p&gt;&amp;nbsp;&lt;/o:p&gt;&lt;/p&gt;&lt;p class=&quot;MsoNormal&quot; style=&quot;MARGIN: 0in 0in 0pt&quot; align=&quot;right&quot;&gt;&lt;span style=&quot;mso-spacerun: yes&quot;&gt;&lt;/span&gt;-posted by brian&lt;/p&gt;

Vault Law Editors

Article

The Summer Experience at Weil’s Boston Office

The Summer Experience at Weil’s Miami Office

The Summer Experience at Weil’s New York Office

The Summer Experience at Weil’s Washington, D.C. Office

The Library