Just last year, Cadwalader, Wickersham & Taft was riding high, having reached economic heights previously scaled only by the Cravaths and Wachtells of the profession. In an interview at the time, the firm's then-chairman predicted there'd be no problem sustaining that success "short of some cataclysmic event." Cadwalader is now facing just that kind of event, announcing it is laying off 96 lawyers due to slowness in core practices. It's the second round of layoffs for the firm, which cut 35 lawyers in January.
July 31, 2008 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
Just last year, Cadwalader, Wickersham & Taft was riding high. Double-digit growth in profits per partner over the last five years had catapulted the firm to economic heights previously scaled only by the Cravaths and Wachtells of the profession.
In an interview with the New York Law Journal during those heady days, then-Chairman Robert O. Link confidently predicted continued success.
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