The move, said New York Managing Partner Donald Kilpatrick, is “wholly an economic layoff,” unrelated to individual performance issues or redundancies stemming from the January merger between Pillsbury Madison & Sutro and Winthrop, Stimson, Putnam & Roberts.
“We thought coming out of the summer that the deal business and legal business, which had been in the doldrums for the better part of the year, was due for an uptick,” explained Kilpatrick. “But for Sept. 11,” he added, “that’s what would have happened.”
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
