More Economic Problems at BigLaw?

Posted on May 17, 2009 by Francis Pileggi

Prof. Larry Ribstein comments here about the recent defection of two rainmakers from the Skadden Arps law firm to Kirkland & Ellis as indicative of another "wheel falling off the big law model." His post is thought-provoking for anyone interested in, or impacted by, law firm economics in the current economic maelstrom.

  • john

    the economy is a mess and biglaw is certainly hurting, but these partners switching firms is not compelling evidence of either. both skadden and K&E are massive firms. this is just a case of one big firm that it doing well in this environment (bc of its strong bankruptcy practice) poaching partners from a competitor. if these two left skadden for a firm outside the amlaw 50 or even outside the amlaw 10, then maybe this would be news.