Comments on: This Week in Layoffs – 5/29/09 http://lawshucks.com/2009/05/this-week-in-layoffs-52909/ A self-deprecating look at life in and after BigLaw Sun, 14 Mar 2010 21:23:43 -0400 http://wordpress.org/?v=2.9.2 hourly 1 By: neo http://lawshucks.com/2009/05/this-week-in-layoffs-52909/#comment-687 neo Sat, 30 May 2009 20:35:12 +0000 http://lawshucks.com/?p=1852#comment-687 “Compression” was an issue several years back when the race to $160 began. The problem was the more-senior classes were getting disproportionately lower raises as incoming classes’ bases went up. And now it’s back in spades at Sonnenschein. First years are taking a 10% cut, but senior associates are getting hit for 15%. So what was already too-close a gap between classes has narrowed even further. What makes the move even less comprehensible is the fact that most clients would prefer to pay a premium to have senior associates and partners do the work and avoid junior associates like the plague. So the firms are paying the least-desirable assets the most money? Only in BigLaw, friends. THIS IS VERY TELLING AND PRESCIENT COMMENT, LS - YOU'RE RIGHT, COMPLETE AND UTTER STUPIDITY. WHY VALUE THE WEAKEST ASSETS SO CLOSE TO THE STRONGEST ASSETS - CHANGE THE PARADIGM, BLOW UP THE MATRIX BIG LAW !!!!!! “Compression” was an issue several years back when the race to $160 began. The problem was the more-senior classes were getting disproportionately lower raises as incoming classes’ bases went up. And now it’s back in spades at Sonnenschein. First years are taking a 10% cut, but senior associates are getting hit for 15%. So what was already too-close a gap between classes has narrowed even further. What makes the move even less comprehensible is the fact that most clients would prefer to pay a premium to have senior associates and partners do the work and avoid junior associates like the plague. So the firms are paying the least-desirable assets the most money? Only in BigLaw, friends.

THIS IS VERY TELLING AND PRESCIENT COMMENT, LS – YOU'RE RIGHT, COMPLETE AND UTTER STUPIDITY. WHY VALUE THE WEAKEST ASSETS SO CLOSE TO THE STRONGEST ASSETS – CHANGE THE PARADIGM, BLOW UP THE MATRIX BIG LAW
!!!!!!

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