Wednesday, July 30, 2008
Cadwalader Fires 96 Lawyers
ATL reports that Cadwalader will terminate as many as 100 attorneys, ranging from special counsel all the way down to the current first-year associate class. As one of the posters so astutely observed:
"Some new and exotic words about to enter the vocabulary of former CWT'ers: Spherion; Lexolution; Update Legal; and Elaine P. Dine. Some others: default; foreclosure; re-possess; and margin call."
Welcome to hell.