Big Shitpile hits close to home:
July 30 (Bloomberg) — Cadwalader, Wickersham & Taft, the New York-based law firm founded in 1792, will fire 96 salaried lawyers in the U.S. and London because of “a significant slowdown” in real-estate finance and securitization work.
“Cadwalader has adapted to this market reality,” the firm said today in a statement sent by spokeswoman Claudia Freeman. Cadwalader fired 35 lawyers in January. The latest round of cuts will leave the firm with 580 attorneys, the same number as in January 2006, it said.
Big Shitpile - it’s not just for bankers anymore.
Trickle down economics, 'cept now it's hitting home.
Posted by: Dr. Know | July 31, 2008 at 10:12 AM
My god, what do you do with hundreds of unemployed lawyers!?
Cut 'em up for shark bait.
Posted by: actor212 | July 31, 2008 at 05:51 PM
Oooooh, actor212, don't even get me started on the 1001 uses for a dead lawyer - I did my best to refrain. It's really too bad that the great minds I read turned out to have very little to do with the "law" or its application. Like so much else, 98% give the other 2% a bad name - and that includes their black-robed brethren.
Turned a blind eye while millions of jobs and thousands of manufacturing facilities were ripped up and shipped overseas, and worse, profited mightily from it? Karma's a bitch, bitch!
Posted by: Dr. Know | August 01, 2008 at 01:05 AM
What do you do with hundreds of unemployed lawyers?
We could set us a supersecret shadow Justice Department to combat the other, evil one.
Posted by: tata | August 01, 2008 at 12:14 PM
Don't unemployed lawyers automatically go into poliyics?
Posted by: Miss Cellania | August 01, 2008 at 08:27 PM
Doesn't it make them out'laws?
Posted by: mandt | August 02, 2008 at 02:14 PM
We could set us a supersecret shadow Justice Department to combat the other, evil one.
And give it a really kewl name like "The Justice Legion" or "League" or something...
Posted by: actor212 | August 04, 2008 at 07:55 AM
Don't unemployed lawyers automatically go into poliyics?
Worse.
Financial planning and real estate.
Posted by: actor212 | August 04, 2008 at 07:56 AM