Saturday, March 03, 2007

Attorneys You Can Trust...

From your Chicago Public Radio:
One of Chicago's top law firms fired or demoted 45 partners this week. Mayer, Brown, Rowe & Maw says business is good. Its 2006 revenues were up 11 percent over the previous year.

But Chairman Ty Fahner says the restructuring is needed to improve profits and allow the firm to stay competitive. "The very best regarded and best run law firms have a relatively high profit per partner because that pays for all the expenses of growth, retaining good people, of recruiting others," Fahner says. "And so, this is simply another step to being one of the elite law firms of the world."
In other words, "Sure, we're rich. But by screwing some of the people we work with, we could be even richer!"

1 comment:

ArchPundit said...

I don't know--from what I know of the corporate culture at Mayer, it's really just a question of whether one group can screw another group faster.


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